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U.S. Home Sales Fall in March

U.S. sales of new single-family homes in March were at a seasonally adjusted annual rate of 627,000, decreasing 15.4% from February and 9.5% lower than the comparable month last year. The seasonally adjusted estimate of new homes for sale at the end of March was 333,000, representing a 6.4-month supply at the current sales rate. See U.S. Census Bureau

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