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New home sales unexpectedly jump in March

Akin OyedeleAug 21, 2024, 23:24 IST

Dan Zen/FlickrNew home sales unexpectedly jumped in March, according to the Department of Commerce.

Sales of new single-family houses rose 5.8% at a seasonally adjusted annual rate of 621,000.

Economists had forecast that new home sales fell by 1.4% at a seasonally adjusted annual rate of 584,000, according to Bloomberg.

More to come ...

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