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US new-home sales jump in Oct. after Sept. drop

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WASHINGTON (AP) — Americans ramped up new-home buying in October after cutting back in September, evidence that the housing recovery is improving fitfully. The Commerce Department says sales of new homes grew 25.4 percent to a seasonally adjusted annual rate of 444,000. That was the largest monthly percentage increase since May 1980. But it came after sales had fallen 6.6 percent in September...

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