Economics
Purchases of New Houses in U.S. Probably Increased in April
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Demand for new U.S. homes probably increased in April as lower prices and mortgage interest rates drew buyers, economists said before a report today.
Purchases rose at a 335,000 annual rate, up 2.1 percent from 328,000 in March, according to the median forecast in a Bloomberg News survey of economists. Data released yesterday showed sales of previously owned homes rose in April in every region.