New Home Sales Rebound Strongly in March

Sales of new single-family homes rose 7.3 percent in March to surpass the million-unit mark for the sixth time on record and almost completely offset declines registered in the first two months of the year, according to Commerce Department figures. Commerce also reported substantial upward revisions to its home sales figures for January and February.

“Taken together, home sales for this year's first quarter — and the healthy inventory reading accompanying today's report — provide welc

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