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May 25, 2016

Rising housing market lifts builders, home goods sellers

NEW YORK (AP) — A new report from the U.S. that showed Americans are snapping up homes at a pace not seen since the housing bust-fueled recession pushed the trading of shares of all companies affiliated with the sector into overdrive Tuesday.

The Commerce Department reported that new home sales jumped 16.6 percent last month to a seasonally adjusted rate of 619,000, up from a revised total of 531,000 in March.


 
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