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New Home Sales Fall

New Home Sales Fall 15.4 Percent in March on Virus Concerns

Sales of newly built, single-family homes fell 15.4 percent to a seasonally adjusted annual rate of 627,000 units in March, coming off a downward revision in February, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. The March rate is 9.5 percent lower than the March 2019 pace.

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