(Reuters) - WASHINGTON, May 24 - Sales of new U.S. homes rose
16.2 percent in April, the sharpest climb in 14 years as
builders slashed prices a record 11 percent, a government
report showed on Thursday, signalling stabilization in the
housing sector.
Other reports also reflected economic strength, indicating
the Federal Reserve would likely hold interest rates steady for
the foreseeable future.
Read more at Reuters.com Bonds News
16.2 percent in April, the sharpest climb in 14 years as
builders slashed prices a record 11 percent, a government
report showed on Thursday, signalling stabilization in the
housing sector.
Other reports also reflected economic strength, indicating
the Federal Reserve would likely hold interest rates steady for
the foreseeable future.
Read more at Reuters.com Bonds News
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