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Report: New US Home Sales Rise

New data show U.S. home sales advanced in February while job layoffs rose slightly last week. Thursday's Commerce Department report showed home sales rose 6.1 percent to hit a seven-month high in February. If newly-constructed homes sold at last month's pace for a full year, 592,000 would change hands. That is nearly 13 percent better than the same time last year. Analysts at Wells Fargo Securities said unusually mild weather in February sped up the buying process, so the next...

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