Sales of new single-family homes slipped, falling 2.9% to a 407,000 seasonally adjusted annual rate in November, according to data released by the Commerce Department Tuesday.

The November figure came after a downwardly revised 419,000 rate in October, a 5.2% drop originally reported as a 5.3% decrease to 433,000. Thomson Reuters’ poll of economists had predicted a 420,000 sales level for November.

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