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Economy

US new-home sales climbed 6.7 percent in May

Updated : June 25, 2018 09:22 PM IST

The Commerce Department said Monday that new homes sold last month at a seasonally adjusted annual rate of 689,000, up from 646,000 in April. The
For the first five months of this year, new-home sales have risen 8.8 percent as a solid job market and shortage of existing homes on the market have boosted demand.
US new-home sales climbed 6.7 percent in May
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