New Home Sales Surge 25 Percent in October

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    (CNNMoney) — New home sales are surging, according to a report from the U.S. government on Wednesday.

    Sales of new single family homes jumped to a seasonally adjusted annual rate of 444,000 in October, up 25.4 percent from the previous month’s revised rate, according to the U.S. Department of Housing and Urban Development.

    That’s up 21.6 percent from a year ago.

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