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Monday, September 1, 2014

New-Home Sales Fall As First-Time Buyers Still Scarce



Investors.com http://ift.tt/1vgrsLa July sales of new single-family homes fell 2.4%, their second straight decline and the lowest level since March, the Commerce Department said Monday, as first-time buyers still accounted for a relatively small share. New-home sales fell to an annual rate of 412,000 units, below forecasts for an uptick to 425,000, even with upward revisions to prior months. "The numbers bucked the trend of other housing indicators in July, which


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