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New-home sales unexpectedly rise, showing some stabilization

Summary by Ground News
Purchases of new single-family homes increased 1.1% to an annualized 640,000 pace after a 633,000 rate in January. Sales rose in the West and South, the two largest regions by purchases. The number of homes sold in the Northeast plunged to the lowest since June.

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  • 75% of the sources are Center
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The Washington Post broke the news in on Thursday, March 23, 2023.
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