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New-home sales show promise with 1.8% annual growth

New-home sales improved across the board in January, according to the U.S. Census Bureau and the Department of Housing and Urban Development on Monday. New-home sales, which include when a homebuyer makes a deposit or signs a sales agreement, increased 1.8 percent year-over-year to a seasonally adjusted rate of 661,000. Sales are also 1.5 percent above December's revised rate of 651,000.

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