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Encouraging reports on housing

Published 09/20/2012, The Jamestown Sun

A pair of encouraging reports about the housing market gave U.S. stocks a little boost Wednesday. Home sales jumped to the highest level in more than two years in August, the National Association of Realtors said. Sales rose 7.8 percent to a seasonally adjusted annual rate of 4.82 million, the most since May 2010. Earlier, the government reported that construction of single-family homes in August also was the fastest in more than two years.

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