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Monday, April 26, 2010

Sales of New Homes in U.S. Climb by Most Since 1963 (Update1) - Bloomberg.com

Sales of New Homes in U.S. Climb by Most Since 1963 (Update1) - Bloomberg.com: "April 23 (Bloomberg) -- Purchases of new homes in the U.S. surged in March by the most in almost five decades as buyers rushed to qualify for a government tax credit and the weather turned milder.

Sales climbed 27 percent, the most since April 1963, to an annual pace of 411,000 that exceeded the highest forecast of economists surveyed by Bloomberg News, figures from the Commerce Department showed today in Washington. Last month’s purchase rate was the highest since July and followed a record-low of 324,000 in February that was higher than previously estimated."

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