Reuters
Sales of new single-family homes in the United States rebounded in February, but the increase was concentrated in one region, which could suggest a loss of momentum in the housing market as the busy spring selling season kicks off.
The Commerce Department said on Wednesday that new-home sales rose 2 percent to a seasonally adjusted annual rate of 512,000 units. January’s sales pace was revised up to 502,000 units, from 494,000.
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