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Economic Report: Sales of new homes slump to the lowest level since start of pandemic. High costs and low selection are to blame

Economic Report: Sales of new homes slump to the lowest level since start of pandemic. High costs and low selection are to blame

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Sales of new homes in the U.S. fell in June to the lowest level since the first month of the U.S. coronavirus pandemic in early 2020, as high prices and a limited selection frustrated scores of would-be buyers. New home sales dropped 6.6% to an annual rate of 676,000

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