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New homes sell in May at liveliest pace since 2008

Posted: June 25, 2014 at 2:45 a.m.

A sign marks a home for sale in West Des Moines, Iowa, in May. Sales of new homes last month exceeded economists’ forecasts as the industry rebounded from a winter lull.

Purchases of new homes in the U.S. rose in May, indicating that the industry is rebounding from a winter-induced lull at the start of the year.

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