Pursuits
Sales of New U.S. Homes Climbed More Than Forecast in April
U.S. New Home Sales, Consumer Confidence Top Forecasts
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Purchases of new homes in the U.S. rose more than projected in April, a sign this part of the market is picking up steam during the busiest selling period of the year.
Sales increased 6.8 percent to a 517,000 annualized pace from a 484,000 rate in the prior month, figures from the Commerce Department showed Tuesday in Washington. The median forecast of 70 economists surveyed by Bloomberg called for 508,000. Prices picked up and inventory was little changed.