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home construction

U.S. New-Home Sales Unexpectedly Rise to Highest in a Decade…

November 27, 2017 at 6:25 pm

U.S. purchases of new homes unexpectedly advanced in broad fashion last month, reaching the strongest pace in a decade and offering an encouraging signal for residential construction, according to government data released Monday. Single-family home sales rose 6.2% m/m to 685k annualized pace (est. 627k), the highest since Oct. 2007, a revised 645k rate…

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