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New Home Sales Up Big in March

New home sales for March increased 26.9% to a seasonally adjusted figure of 411,000. The National Association of Home Builders accredited the surge to the expiring of the home buyers tax credit by April 30. Regionally, the Northeast saw an increase of 35.7%, the Midwest increased 4.3%, the South increased 43%, and the West increased 5.7% for March.   4/23 HCN