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Despite record-high costs, new home construction showed modest growth in 4Q (access required)

New construction homes accounted for 16.4 percent of all single-family homes for sale in the fourth quarter of 2017, up from 14.2 a year earlier, according to Redfin (www.redfin.com), the next-generation real estate brokerage. The median price of new single-family homes that sold last quarter was $377,800, the analysis found, up 1.6 percent year over year. Compared with existing ...

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