New home sales fell slightly in November, dropping 2.1 percent after surging one month earlier to a five-year high.
Sales volume fell to a seasonally-adjusted annual rate of 464,000 during November, the Commerce Department said, down from a revised 474,000 total one month earlier. October’s annual sales pace had represented a 17.6 percent jump versus September, and the highest pace of new home sales recorded since July 2008. …read more
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