Home Builders May Need to Lower Prices, Dutta Says

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Aug. 23 (Bloomberg) -- Neil Dutta, head U.S. economist at Renaissance Macro Research LLC, talks about U.S. home sales data released today. Sales of newly built homes declined 13.4 percent to a 394,000 annualized pace, the weakest since October, Commerce Department reported from Washington. Dutta speaks with Erik Schatzker and Stephanie Ruhle on Bloomberg Television's "Market Makers." (Source: Bloomberg)

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