Sales of new single-family houses in November were at a seasonally adjusted annual rate of 290,000, according to figures released by the U.S. Department of Commerce. This figure was 5.5 percent above the October rate of 275,000 but is 21.2 percent below a rate of 368,000 posted in November 2009, which was the initial deadline for the first-time buyer tax credit. Overall, the sales figure missed sales expectations calculated by several leading economics news sources.
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