Thursday, 24 May 2007

April new home sales jump as prices fall

(Reuters) - Other reports also reflected economic strength, indicating the Federal Reserve would likely hold interest rates steady for the foreseeable future.




The Commerce Department said sales of new single-family homes in April rose to an annual rate of 981,000 units from a revised pace of 844,000 in March. Analysts had expected sales would increase to only an 860,000 unit rate.


Read more at Reuters.com Business News

No comments: