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U.S. new home sales slid 12.8 percent in July

Sales of new U.S. homes fell a steep 12.8 percent in July, but the drop came after revisions to June sales showed the sales highest growth in 12 years. The Commerce Department said Friday that new homes sold at a seasonally adjusted annual rate of 635,000 units. That's down from a sharply revised upward rate of 728,000 ...
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