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Drop in annual rate of home sales in US

By BFN News | 02:35 PM | Friday 23 March, 2012

Sales of U.S. new homes fell in February for the second month running. The Commerce Department has reported that new home sales dropped 1.6% last month to a seasonally adjusted annual rate of 313,000 homes. Since December the annual rate of sales has fallen nearly 7% since December. Story provided by