New Home Sales Set Record Pace In April

Sales of newly built single-family homes set an all-time record pace for the second month in a row in April, nudging up to a seasonally adjusted annual rate of 1.32 million units, according to figures released by the U.S. Commerce Department. This was 0.2 percent higher than the revised record sales pace set in March, and 13.3 percent above the April 2004 pace.

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