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US New Home Sales Drop in November

M. Ali 23 December, 2020 8:03 pm Market Update

New home sales in the United States declined during the month of November, data by the US Department of Commerce showed on Wednesday.

New home sales decreased by 11% to a seasonally adjusted annual rate of 841,000 units last month.

The October reading was revised to 945,000 units from a previously estimated 999,000 units.

Meanwhile, new home sales increased by 20.8% on an annual basis.

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