Economics
New Home Sales in U.S. Probably Rose to Nine-Month High
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Purchases of new homes in the U.S. probably rose in January to a nine-month high, more evidence the housing market is improving, economists said before a report today.
Sales, tabulated when contracts are signed, climbed 2.6 percent to a 315,000 annual pace, according to the median estimate in a Bloomberg News survey of 77 economists. Consumer confidence declined in February from a month earlier, separate data may show.