New-home sales climb to highest level in almost a year
Sales of new U.S. homes increased in January by more than expected to the highest level in nearly a year, fueled entirely by purchases in the South, indicating some stabilization in the housing market after a brutal year. Purchases of new single-family homes rose 7.2% to an annualized 670,000 pace after an upwardly revised 625,000 … [Read more…]