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September 01, 2020 1:39pm
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New-home sales drop in October to much lower level than expected

U.S. new-home sales fell 5.6% to a seasonally adjusted annual rate of 679,000 in October, from a revised 719,000 in the prior month, the government reported Monday. Analysts polled by the Wall Street Journal had forecast a seasonally adjusted annual rate of 725,000 in October.
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