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US sales of new homes dip 0.3 percent in October but up 20.4 percent for year

by: MARTIN CRUTSINGER , Associated Press

Updated: November 28, 2012 - 10:24 AM

WASHINGTON - U.S. sales of new homes fell slightly in October and September sales were slower than initially thought. The October sales pace was dragged lower by steep declines on the East Coast, partly related to Superstorm Sandy.

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