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Statement from Under Secretary Blank on New Home Sales in October 2009

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The Commerce Department’s U.S. Bureau of the Census today released new home sales figures for October 2009. Sales of new single-family houses rose 6.2 percent in October, compared with private-sector expectations of 0.5 percent. Sales have risen 30.7 percent above their low in January of this year, and the supply of unsold homes relative to sales has fallen 46.0 percent below its peak in January. (More) (Release)

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