New home sales jump to highest pace since mid-2008

Sales of new U.S. homes jumped 15.6% in January to an annual rate of 437,000 to mark the highest pace of activity since July 2008, according to Commerce Department data released Tuesday. The rate of sales in January easily surpassed the 384,000 estimate of economists polled by MarketWatch. What’s…

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New home sales jump to highest pace since mid-2008