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05/27/2020
Better New-Home Sales Data Points to a Housing Recovery
By Lisa Beilfuss May 26, 2020 11:16 am ET Order Reprints Print Article
Sales of new homes in April unexpectedly improved from March, a sign that normalcy is returning to some parts of the U.S. economy as coronavirus lockdowns ease.
The Census Bureau said Tuesday that new-home sales increased 0.6% in April from a month earlier, to an annual rate of 619,000. That is still down about 6% from a year earlier, but the result is much better than the 480,000 economists polled by FactSet predicted...click here to read more.
