Economics
U.S. New-Home Sales Rise More Than Forecast After Winter Setback
- Sales surged to the highest since 2006 as South led gains
- Figure exceeded all economists’ estimates in Bloomberg survey
Photographer: Luke Sharrett/Bloomberg
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U.S. new-home sales rebounded sharply in March to the highest since 2006, suggesting that the housing market is back on track after winter storms impeded demand in February.