Pursuits
U.S. Sales of New Homes Probably Climbed to One-Year High
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Purchases of new homes in the U.S. probably rose in February to the highest level in more than a year, economists said before a report today.
Sales, tabulated when contracts are signed, climbed 1.3 percent to a 325,000 annual pace, the fastest since December 2010, according to the median estimate in a Bloomberg News survey of 78 economists. That would mark the fifth gain in six months.