Sales of New U.S. Homes Dropped More Than Forecast in December

Purchases of new homes in the U.S. fell more than forecast in December, ending the industry’s best year since 2008 on a sour note. Sales decreased 7 percent to a 414,000 annualized pace, lower than any estimate of economists surveyed by Bloomberg, after a 445,000 rate in November that was weaker …

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Sales of New U.S. Homes Dropped More Than Forecast in December

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