New Home Sales Surge in January
Washington, DC, Feb. 26, 2013 -- New home sales in January rose to the highest level since July 2008, and had their biggest monthly gain since 1993, according to the Commerce Department.
Sales surged 15.6% to a 437,000 annual pace, following a 378,000 rate in December.
Economists forecase a 380,000 rate.
Demand rose in all four regions.