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Roofers work on new homes at a residential construction site in the west side of the Las Vegas Valley in Las Vegas, Nevada in this April 5, 2013 file photo. Sales of new U.S. homes fell in July to their lowest level in nine months.
Roofers work on new homes at a residential construction site in the west side of the Las Vegas Valley in Las Vegas, Nevada in this April 5, 2013 file photo. Sales of new U.S. homes fell in July to their lowest level in nine months.
(STEVE MARCUS/REUTERS)

SCOTT BARLOW

Terrible housing numbers defy U.S. economic recovery

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Sales figures for new U.S. homes were a brutal disappointment Friday, compounded by a downward revision for June’s results. As someone who’s been bullish on U.S. dollar assets lately, I’m growing concerned.