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home sales jump to 7-year high in February

2015-03-25 00:46:20| IT Services - Topix.net

Sales of newly built homes surged to their highest level in seven years in February, a sign the U.S. housing market may pick up speed during the spring buying season. The Commerce Department said Tuesday that new-home sales jumped 7.8 percent from January's level and were 24.8 percent higher than February 2014.

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