New Single-Family Home Sales Surge
Washington, DC, Feb. 26, 2014 -- Sales of new single-family rose 9.6% in January to a seasonally adjusted annual rate of 468,000, the fastest pace in more than five years, according to the Commerce Department.
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Economists had expected a January sales rate of 405,000.
December's original 414,000 was revised higher to 427,000.