Government report shows slight pick-up in new home sales, but demand remains much weaker than year-ago levels.
By Chris Isidore, CNNMoney.com senior writer
April 25 2007: 11:51 AM EDT
NEW YORK (CNNMoney.com) — New home sales rebounded a bit in March from depressed levels in February but still fell short of forecasts, according to the government’s latest report, signaling ongoing weakness for the battered real estate market.
New homes sold at an annual pace of 858,000 homes in March, up from the 836,000 pace in February, which was revised lower.
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http://money.cnn.com/2007/04/25/news/economy/newhomes_sales/?postversion=2007042511
