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Meanwhile, the home market remains weak, according to the latest data released Tuesday. Sales of new homes fell in March by the largest amount in more than a year, according to a report released by the Commerce Department. A widely-watched report on home prices showed a drop in February in most major U.S. cities for a sixth straight month, according to Standard & Poor's/Case-Shiller home-price index. Still, there are reasons for optimism. Retail sales have been solid, due in part to unseasonably warm weather. And gas prices are beginning to fall, after a four-month surge pushed gas to nearly $4 per gallon earlier this month. The price of gasoline in the U.S. has dropped by nearly 8 cents per gallon since the first week of April following a decline in oil prices and gasoline consumption. Gasoline, on average, now costs about as much as it did a year ago. "Consumers are still continuing to spend. The weather is good," said Ken Perkins, president of RetailMetrics, a research firm.
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