Sales of New Homes in U.S. Rose in March to 300,000 Rate
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Purchases of new houses in the U.S. rose in March from a record low as the weakest industry in the economy strained to recover.
New-home sales, tabulated when contracts are signed, climbed 11.1 percent to a 300,000 annual pace, faster than forecast, figures from the Commerce Department showed today in Washington. The median estimate in a Bloomberg News survey called for a rise to 280,000. Housing prices fell from a year ago.