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The U.S. Commerce Department released new home sales figures today. New home sales in the U.S. fell by 2.4% to 412,000 units in July, missing expectations for a rise to 426,000 units. That was the slowest pace of new home sales in four months.
June's figure was revised up from 406,000 units.
The median price of new homes rose 2.9% from July 2013 to $269,800.
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