Pursuits
Sales of New U.S. Homes Climbed in November to Two-Year High
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Sales of new houses rose in November to the highest level in more than two years, the latest sign that the real-estate market is helping lift the U.S. economy.
Purchases climbed 4.4 percent to a 377,000 annual pace, the most since April 2010, following a revised 361,000 rate in October, the Commerce Department reported today in Washington. The median estimate of 71 economists surveyed by Bloomberg called for sales to increase to 380,000.