New home sales tumbled 18.2% to a seasonally adjusted annual rate of 775,000 units in the month, according to the Commerce Department.
Experts said a record jump in lumber costs and rising mortgage rates could slow housing sales in 2021.
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MMG's Bodnar: We've Been Watching This Movie All Year Bill Bodnar of the Mortgage Market Guide breaks down the jobs report, why and how it came in above expectations, and what that means just days ahead of the Fed meeting.
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