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U.S. Home Sales Down in December

U.S. sales of new single-family homes in December 2016 were at a seasonally adjusted annual rate of 536,000, 10.4% below the revised November rate and down 0.4% from the comparable month in 2015.  The seasonally adjusted estimate of new homes for sale at the end of December was 259,000, representing a 5.8 month supply at the current sales rate. See U.S. Census Bureau

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