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04/25/10
New-home sales, orders for durable goods rise
Filed under: General, Real Estate
Posted by: Lillian Wong @ 4:43 pm

WASHINGTON - Sales of new homes took the biggest monthly jump in 47 years in March, while orders for most large manufactured products rose by the largest amount since the recession started.

While factories are benefiting from a sharp increase in orders from U.S. and foreign businesses, the fuel for new-home sales is coming from a less sustainable source: government subsidies.  more…


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