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US new home sales surged in March despite elevated mortgage rates

NEW YORK — Sales of newly built single-family homes in the United States soared in March despite Mortgage Rates remaining elevated that month. New home sales, which make up about 10% of the market, jumped 8.8% last month to a seasonally adjusted annual rate of 693,000, according to government figures released Tuesday. That trounced the […]

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US new home sales surged in March despite elevated mortgage rates

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