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April 26, 2017

New-home sales climb to 8-month high in March

WASHINGTON (AP) — U.S. sales of new homes shot up in March to the fastest pace in eight months, as more Americans are upgrading their houses in a positive sign for the broader economy.

The Commerce Department said Tuesday that new-home sales rose 5.8 percent last month to a seasonally adjusted annual rate of 621,000, the highest rate since July last year. Sales are running 12 percent higher during the first three months of this year than during the same period in 2016.


 
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