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New home sales fall unexpectedly

Posted on 25 June 2009

From CNNMoney,com: Sales of newly constructed homes fell unexpectedly in May and were down almost a third from last-year’s levels, a government report said Wednesday.

New home sales ticked down 0.6% last month to a seasonally-adjusted annual rate of 342,000, the Commerce Department reported. That was from a revised reading of 344,000 in April…….Full Article: Source


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