U.S. new home sales surged 20.7% in March to 1.02 million

NEW-HOME SALES in the United States rose 20.7% in March to 1.02 million. / PBN FILE PHOTO/RUPERT WHITELEY
WASHINGTON (AP) – Sales of new homes surged 20.7% in March to the highest level since 2006, rebounding from a sharp decline the previous month when severe winter storms wreaked havoc in many parts of the country. Sales climbed to a seasonally adjusted annual rate of 1.02 million last month after a 16.2% tumble in…

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