Sales of newly built U.S. single-family homes in October rose more than expected to their highest level in a year, data showed on Wednesday, pointing to a stabilizing housing market after a three-year slump.

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  1. Pending home sales hit highest level in 3 1/2 years
  2. More good news on housing front: Pending home sales jump
  3. Existing-home sales up 25.8% in October

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