Economics
Sales of New Homes in U.S. Probably Climbed From Record Low
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Purchases of new houses in the U.S. probably rose in March from a record low, economists said a report today will show.
New-home sales, tabulated when contracts are signed, climbed 12 percent to a 280,000 annual pace last month, according to the median estimate in a Bloomberg News survey of 64 economists. Purchases slumped 17 percent in February to a 250,000 rate, the weakest in data going back to 1963.