New Home Sales Record Surprising March Advance: Sales of new homes rose 4.8% in March, the second straight advance, as the Midwest and West escaped a blizzard-induced chill that froze activity in the Northeast and South. Sales of single-family houses totaled 637,000 at a seasonally adjusted annual rate, up from a revised 608,000 in February, the Departments of Commerce and Housing and Urban Development reported. “It’s a pleasant surprise,” said David F. Seiders of the National Assn. of Home Builders, who, like most other economists, had expected the storm to cause overall sales to skid.
From Times Staff and Wire Reports