U.S. new-home sales fall in December, but up for year

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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. Photo by THE ASSOCIATED PRESS
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