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New Home Sales

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New homes sales jump 11% in March 

Apr 25, 2011By

New home sales in March greatly beat market analyst expectation by jumping 11.1% in March from the previous month, according to the Census Bureau. Analysts at Econoday expected existing home sales to post a 3.7% gain. The results of the Census survey equate to nearly 300,000 new home sales annualized, still down 84,000 from last year.

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