New-Home Sales Up 4% in April
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Associated Press
WASHINGTON — Sales of new single-family homes rose 4% in April to the highest level in a year, the government said today.
In a joint release, the departments of Commerce and of Housing and Urban Development said new single-family homes were sold at a seasonally adjusted annual rate of of 679,000 last month, up from the March pace of 653,000. It was the third consecutive monthly increase and the highest level since new homes were sold at a rate of 728,000 in April, 1987.
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