New home sales fall 18.2 percent versus estimate of 5.7 percent drop

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The latest data for the Richmond Fed Index and new home sales are out. CNBC's Rick Santelli and Diana Olick break down the numbers.

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New home sales fall 18.2 percent versus estimate of 5.7 percent drop
New home sales fall 18.2 percent versus estimate of 5.7 percent drop

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