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US new-home sales plunged 8.9 percent in October

US new-home sales plunged 8.9 percent in October

Fox News - Associated Press

WASHINGTON – Sales of new U.S. homes plummeted 8.9 percent in October, as the number of newly built, unsold homes sitting on the market climbed to its highest level since 2009. The Commerce Department said Wednesday that new homes sold at a seasonally adjusted annual rate of 544,000 last month. …

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