US sales of new homes drop 7 percent in December

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January 27, 2014

U.S. sales of new homes fell in December for a second consecutive month but even with the pause at the end of the year, sales for all of 2013 climbed to the highest level in five years.

Sales of new homes dropped 7 percent in December to a seasonally adjusted annual rate of 414,000, the Commerce Department reported Monday. In November, sales had fallen 3.9 percent.

via US sales of new homes drop 7 percent in December – The Washington Post.



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