New U.S. home sales pick up in March

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Independent: John K. Byrne

Independent: Michael Rogers (Publisher)

New U.S. home sales pick up in March

Sales of new homes across the United States increased sharply last month, according to fresh government data published Tuesday, though February's numbers were revised lower.There were 693,000 new single-family houses sold last month, the Commerce Department said in a statement, 8.8 percent above the revised February rate of 637,000.The March data were well above market expectations of 670,000 new homes, according to Briefing.com.Meanwhile, the m…