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(AFX UK Focus) 2010-05-04 16:05 WRAPUP 1-US pending home sales at 5-mth high, orders jump
WASHINGTON, May 4 (Reuters) – Pending sales of previously owned U.S. homes hit a five-month high in March as buyers rushed to sign contracts before a tax credit expired, while a jump in factory orders pointed to manufacturing strength. The data on Tuesday further confirmed the economic recovery was gaining more muscle. The National Association of Realtors (NAR) said its Pending Home Sales Index …

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