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Sales of new US homes fell 3.4 percent in August

Sales of new U.S. homes slumped 3.4 percent in August, the second straight monthly decline. The Commerce Department said Tuesday that sales dropped to a seasonally adjusted annual rate of 560,000. This followed a 5.5 percent decline in July. Still, sales gains earlier this year mean that sales are running 7.5 percent higher year-to-date than in ...

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