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U.S. home resales rose to a 10-month high in July and the number of Americans filing new claims for unemployment benefits fell last week, signaling strength in the economy early in the third quarter.The National Association of Realtors said existing home sales increased 2.4 percent to an annual rate of 5.15 million units.The four-week average of claims, considered a better measure of labor market trends as it irons out week-to-week volatility, rose 4,750 to 300,750 .The housing index was up 0.27 percent, with Pulte Group gaining 0.26 percent.The four-week average of claims fell 8,500 between the July and August survey periods, suggesting another month of relatively strong job gains.The economy grew at a 4 percent annual rate in the second quarter.
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