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New home sales rise 10 percent in January to highest level since 2008

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New home sales spiked in January to the highest level since 2008, the federal government reported Wednesday. The 468,000 new single-family home sales in January was a nearly 10 percent increase over December's relatively weak reading, and better than last year's comparable number. The last time there were more than 450,000 new home sales in a month was in July 2008, according to the Census...

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