Sales of new homes in U.S. advance to a four-month high

THE MEDIAN PRICE of a United States single-family home in March increased 4.8 percent year over year to $337,200. / BLOOMBERG FILE PHOTO/TY WRIGHT
THE MEDIAN PRICE of a United States single-family home in March increased 4.8 percent year over year to $337,200. / BLOOMBERG FILE PHOTO/TY WRIGHT
NEW YORK - United States new-home sales increased in March to a four month high, mainly reflecting a surge in the West, and upward revisions to prior months showed stronger first-quarter demand than previously estimated, according to government data released Tuesday. Highlights of new-home sales (March) Single-family home sales rose 4 percent month to month to…

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