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U.S. Home Sales Hit 10-Year High in October

U.S. sales of new single-family homes in October were at a seasonally adjusted annual rate of 685,000, rising 6.2% above September, the highest level since the comparable month in 2007.  The seasonally-adjusted estimate of new homes for sale at the end of October was 282,000, representing a 4.9 month supply at the current sales rate.  See U.S. Census Bureau

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