Reuters: Business News: New home sales jump to 4-1/2-year high in January

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New home sales jump to 4-1/2-year high in January Feb 26th 2013, 15:04 WASHINGTON (Reuters) - New U.S. single-family home sales surged to their highest level in 4-1/2 years in January and the month's supply of houses on the market was the smallest since March 2005, further evidence the housing sector recovery is gaining muscle.

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