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NEW HOME SALES RISE

U.S. new home sales unexpectedly rose 0.2 percent in October to 1.226 million at an annual rate, the third highest ever, the Commerce Department said Wednesday.

Sales of single-family homes rose from a 1.224 million rate in September that was higher than first reported. The median price jumped to $221,800 from $203,300 in September and is up 14 percent from a year ago.

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