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New home sales up 24%, but buying pace still lags (access required)

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Published: July 26,2010

Time posted: 10:56 am

Tags: economy, new home sales, recession

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Sales of new homes jumped last month, but it was the second-weakest month on record. The lackluster economy has made potential buyers skittish about shopping for homes. New home sales rose nearly 24 percent in June from a month earlier to a seasonally adjusted annual sales pace of 330,000, the Commerce Department said Monday. May's number ...





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