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New home sales fell more than expected after spike in mortgage rates

Por: Fox Business Business November 27, 2023

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Taylor Morrison CEO Sheryl Palmer discusses the headwinds facing the housing market after a drop in August existing home sales on 'The Claman Countdown.' Sales of new U.S. homes fell more than expected in October as a spike in weighed heavily on consumer demand.  New single-family home purchases plummeted 5.6% to a seasonally adjusted annual rate of 679,000 units, the Commerce Department reported Monday. Economists surveyed by... + full article



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