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Economic Report: New home sales rise as buyers remain hamstrung by the lack of property listings

The numbers: Sales of newly built homes occurred at a seasonally-adjusted annual rate of 923,000 in January, the U.S. Census Bureau reported Wednesday. That was 4.3% above the upwardly-revised pace of 885,000 in December. Analysts polled by MarketWatch had projected new-home sales to occur at a seasonally-adjusted annual rate of 850,000. Compared …

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