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Rate of US new homes sales falls
the annual sales, pace fell to 460,000 homes, according to commerce department figures, down 11.5% from july's figure and a larger drop than forecast .
separate data showed us durable goods orders suffered their largest drop ian august for seven months .
new homes sales ian the us in august fell to their lowest pace in 17 years, a sign of continuing weakness in the housing sector .
ian shepherdson, high figurequency economestics .
industry is in trouble .
Generated 2008-9-28_22:55
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