US new-home sales likely rose in March
From businessweek.com
The Commerce Department reports on sales of new homes in March. The report is scheduled to be released at 10 a.m. Eastern time on Wednesday. SALES DOWN: Economists expect that sales rose 2.3 percent to a seasonally adjusted annual rate of 450,000 last month, according to a survey by FactSet. New-home buying dipped 3.3 percent in February. Harsh winter storms that month curtailed purchases in the Northeast, while buying also fell in Western states where prices increases during 2013 have hurt affordability. SPRING REBOUND: Home sales usually improve with the start of the spring. More would-be buyers venture to open ...
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