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U.S. Home Sales Rise in February

U.S. sales of new single-family homes in February 2017 were at a seasonally adjusted annual rate of 592,000, 6.1% above the revised January rate and up 12.8% from the comparable month in 2016.  The seasonally adjusted estimate of new homes for sale at the end of February was 266,000, representing a 5.4 month supply at the current sales rate. See U.S. Census Bureau

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