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Updates from 12:09 p.m.
Pulte Homes'(PHM Quote) strong quarterly earnings weren't enough to lift the homebuilding sector out of the red early Thursday, as investors instead focused on September's lower-than-expected new-homes sales data.
The Census Bureau said Thursday that sales of new one-family homes were at a seasonally adjusted annual rate of 1.222 million in September, up 2.1% from August but down 0.1% from September 2004. Economists expected sales of 1.25 million in September, according to Reuters. ...
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