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New Home Sales Plunge To Record Low, Reversing Gains
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New Home Sales Plunge To Record Low, Reversing Gains

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New Home Sales Plunge To Record Low, Reversing Gains

The Commerce Department said sales dropped a record 32.7 percent to a 300,000 unit annual rate, the lowest level since record keeping started in 1963, The fall unwound two months of gains inspired by a government tax credit.

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