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Subprime fall-out

New home sales and prices tick up in April

By Alan Rappeport in New York

Published: May 28 2009 14:30 | Last updated: May 28 2009 16:49

Sales of new homes in the US ticked up last month as buyers took advantage of low prices and new financing incentives.

Separately on Thursday, the Department of Labor revealed that new jobless claims eased last week while continuing benefits claims broke a new record, and Commerce Department figures showed that companies have increased their spending on orders of durable goods in a return to capital investment.

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