Sales of New Houses in U.S. Probably Climbed to Two-Year High
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Purchases of new homes in the U.S. probably rose in September to the highest level in more than two years as the industry that helped bring on the last recession forged its way toward recovery, economists said before a report today.
Sales, tabulated when contracts are signed, climbed 3.2 percent to a 385,000 annual pace, the most since buyers took advantage of a government tax credit in April 2010, according to the median estimate in a Bloomberg survey of 75 economists.