U.S. New-Home Sales Rise to 16-Month High, Topping Estimates
Homes stand under construction at the Norton Commons housing development in Louisville, Kentucky, U.S. (Photographer: Luke Sharrett/Bloomberg)

U.S. New-Home Sales Rise to 16-Month High, Topping Estimates

(Bloomberg) -- Sales of new U.S. homes unexpectedly rose in March to a 16-month high, with a third straight increase that reflects a boost from lower borrowing costs.
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