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Market for newly built homes in US slows as mortgage rates put off buyers

By Inquirer - 5 months ago
LOS ANGELES — Homebuilders who bucked the worst of last year’s housing slump may be seeing their luck run out. After showing signs of strengthening early this year, sales of new U.S. homes fell in April and May from a year earlier by 7.7% and 16.5%, respectively. Last month’s sales skidded to a seasonally adjusted

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