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US new-home sales fall in March for third straight month

New-home sales slipped 1.5 percent last month to a seasonally adjusted annual rate of 511,000, the Commerce Department said Monday. That ratehas steadily dropped from 519,000 in February and 521,000 in January. Sales plummeted 23.6 percent in the West, which has been prone to volatileswings in sales as one of the nation’s priciest housing markets.

US home rental cost growth is slowing

U.S. renters saw their monthly leases rise at a significantly slower pace in February, a sign that new construction may be starting to limit housing costs for apartment dwellers. Las Vegas is bucking all of Zillow’s trends, but that’s because the market continues to lag nationwide economic gains, an analyst said.