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New-home sales see biggest jump in 47 years
|Last Edited||RP Apr 23, 2010 01:17pm|
|News Date||Friday, April 23, 2010 06:25:00 PM UTC0:0|
|Description||Sales of new homes surged 27 percent last month, bouncing off the previous month's record low and blowing past expectations as government incentives and better weather boosted sales. |
The Commerce Department said Friday that new-home sales rose in March to a seasonally adjusted annual sales pace of 411,000. It was the strongest month since last July and the biggest monthly increase in 47 years.