Pursuits
Sales of U.S. New Homes Fell in March from Seven-Year High
U.S. New Home Sales Decline at 11.4% Pace in March
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Purchases of new U.S. homes slumped more than forecast in March from a seven-year high, a sign progress in the industry will be halting.
Sales dropped 11.4 percent to a four-month low 481,000 annualized pace, Commerce Department figures showed Thursday in Washington. The median estimate of 79 economists surveyed by Bloomberg called for a 515,000 rate.