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May 25, 2016

New-home sales at 8-year high

  • Sales jumped 16.6 percent last month.
    • By CHRISTOPHER S. RUGABER
    AP Economics Writer

    WASHINGTON — Americans ramped up their purchases of new homes in April to the highest level since January 2008, evidence of a strong start to the spring buying season.

    The Commerce Department said Tuesday 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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