U.S. new home sales post largest drop in 16 months; jobless claims up

WASHINGTON (Reuters) - Sales of new U.S. single-family homes fell more than expected in December, recording their biggest drop in nearly 1-1/2 years, likely as the boost from the replacement of flood-damaged houses in parts of the South affected by hurricanes faded.

U.S. new home sales post largest drop in 16 months; jobless claims up
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