Sales of previously owned homes rebound in March
Contract closings climb 5.1% to 5.33m annualised rate from February's 5.07m
Washington
PURCHASES of previously owned US homes rose more than projected in March, indicating resilience in demand heading into the spring selling season.
Contract closings climbed 5.1 per cent to a 5.33 million annualised rate from February's 5.07 million, figures from the National Association of Realtors (NAR) showed on Wednesday in Washington. Prices rose as inventories remained tight.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Fed officials mull if rates are high enough as inflation expectations jump
US bill to restrict WuXi AppTec, Chinese biotechs revised to give more time to cut ties
UN General Assembly backs Palestinian bid for membership
US chip workers are likely to quit jobs, worsening labour shortage
India's industrial output up 4.9% year-on-year in March
Pandemic treaty talks end without agreed text, next step up for debate