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News Link • Housing

New US home sales rise 6.2 percent

• AP
Sales of new homes rose last month to the highest level in more than a year as strong activity in the South offset weakness in the rest of the country. The Commerce Department said Wednesday that sales rose 6.2 percent to a seasonally adjusted annual rate of 430,000 from an upwardly revised 405,000 in September. Economists surveyed by Thomson Reuters had expected a pace of 410,000.

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