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US home sales strongest in 2 years

Tue Jun 26, 2012 on Blog

US home sales strongest in two years (via AFP)

Sales of new homes in the United States surged in May to the highest level in over two years, official statistics showed Monday, in positive news for the struggling market. Sales of single-family homes hit an annualized rate of 369,000, according to seasonally adjusted estimates from the US Census…