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Rise in new home sales witnessed in US in April

Rise in new home sales witnessed in US in April

An unexpected increase in the sales of new single-family houses has been witnessed in the United States in the month of April. A 0.6% increase in sales has been recorded by the Commerce Department. The increase is said to be temporary as the coronavirus pandemic and the lockdown imposed due to it has resulted in record unemployment as well as huge damage to the economy.

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