US new home sales rebound to six-month high
Wed, Apr 24, 2024 12:37 PM

US new home sales rebound to six-month high

A Flip by Shubhangi Gupta
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Sales of new U.S. single-family homes rebounded in March from February's downwardly revised level, drawing support from a persistent shortage of previously owned houses on the market, but momentum could be curbed by a resurgence in mortgage rates. The report from the Commerce Department on Tuesday also showed the median house price jumped to a seven-month-high from February.

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