Sales of new US homes were stronger than projected in March, indicating cheaper borrowing costs are helping stabilise the real estate market.
Purchases ran at a 328,000 annual rate, a decline of 7.1 per cent from a revised 353,000 pace in February that was faster than first projected, figures from the Commerce Department showed today in Washington. Economists forecast a March rate of 319,000, according to the median estimate in a Bloomberg News survey. Inventory...
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