March new-home sales beat forecast, rise 1.5%

Posted: April 24, 2013 at 2:11 a.m.

Construction crews work on new homes being built in San Ramon, California, U.S., on Friday, April 12, 2013. New-home construction in the U.S. jumped more than forecast in March as multifamily projects climbed to the highest level in more than seven years. Photographer: David Paul Morris/Bloomberg

Purchases of new U.S. homes rose in March, capping the best quarter for the industry since 2008 and providing more evidence the housing recovery will be sustained.

This story is only available from our archives.

Business, Pages 23 on 04/24/2013