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February 27, 2013

U.S. new-home sales jump to highest level in 4.5 years

  • Sales rose nearly 16 percent in January.
  • WASHINGTON (AP) — U.S. new-home sales jumped in January from the previous month to the highest level since July 2008, a sign that the housing recovery is accelerating.

    The Commerce Department said Tuesday that new-home sales rose nearly 16 percent in January to a seasonally adjusted annual rate of 437,000. The percentage increase was the largest in nearly 20 years. And December's sales were revised higher to 378,000 from 369,000.

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