New home sales jump more than expected in January to 10-month high

New home sales jump more than expected in January to 10-month high

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Sales of new U.S. homes rose for the fourth straight month in January to the highest level in nearly a year as buyers took advantage of a decline in mortgage rates. New single-family home purchases rose 7.2% to a seasonally adjusted annual rate of 670,000 units, the Commerce Department reported…

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