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New Home Sales Rise Marginally in August

September 30, 2009

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Following four months of solid gains, sales of newly built, single-family homes edged up by less than one percent in August as the window for an important buyer incentive began to close, according to data released by the U.S. Commerce Department today. Sales posted a meager 0.7 percent gain to a seasonally adjusted, annual rate of 429,000 units for the month.
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