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New home sales jump 7.9% in January, highest level since 2007

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New home sales for January came out Wednesday and sales of new, single-family homes grew 7.9% to an annual rate of 764,000 which is 18.6% above the rate in January 2019. Dave Mazza, Direxion Managing Director and FS Investments Co-Founder David Adelman join On the Move to discuss.