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New home sales climb 3.4 percent in Nov.
Dec 27 2006 6:43PM (CT)
WASHINGTON (AP) - Sales of new homes bounced back in November and have now posted increases in three of the past four months, a hopeful sign that this year's severe drop in housing may finally be coming to an end. The Commerce Department reported Wednesday that sales of new single-family home rose 3.4 percent last month to a seasonally adjusted annual rate of 1.047 million units.
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