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U.S. New-Home Sales Fall by More Than Forecast as Prices Surge

  • Median home price jumps from pandemic low by most since 1988
  • Number of homes sold, not yet started is highest since 2006
Bloomberg business news
U.S. New-Home Sales Slip as Prices Surge Higher
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Sales of new U.S. homes declined in April by more than forecast as higher prices limited demand, while construction backlogs continued to build.