New home sales in the U.S. rose by more than expected in the month of April, according to a report released by the Commerce Department on Wednesday, with the report also showing a notable increase in prices for new homes.
The report showed that new home sales rose 3.3 percent to an annual rate of 343,000 in April from the revised March rate of 332,000. Economists had expected new home sales to climb to 335,000 from the 328,000 originally reported for the previous month.
by RTT Staff Writer
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