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US new-home sales fell in Dec., sales for year up

Friday - 1/25/2013, 2:46pm  ET

In this Thursday, Dec. 20, 2012 photo, a sign hangs in North Andover, Mass., where a house is under construction. Sales of new U.S. homes cooled off in December compared with November, but sales for the entire year were the best since 2009. The Commerce Department said Friday, Jan. 25, 2013, that new-home sales fell 7.3 percent last month to a seasonally adjusted annual rate of 369,000. That's down from November's rate, which was the fastest in 2 ½ years. (AP Photo/Elise Amendola)

MARTIN CRUTSINGER
AP Economics Writer

WASHINGTON (AP) -- Sales of new U.S. homes cooled off in December compared with November but for the entire year were the best since 2009.

The Commerce Department said Friday that new-home sales fell 7.3 percent last month to a seasonally adjusted annual rate of 369,000. That's down from November's rate of 398,000, which was the fastest in 2
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