Morning Minute: Sales of new U.S. homes hit seven year high in February

Sales of newly constructed, single-family homes rose 7.8 percent in February, rising to a seasonally adjusted annual rate of 539,000, according to new data from the Commerce Department. The last time the annual rate was this high was in February 2008. Read the U.S. News and World Report article, “New Home Sales Surge in February” and the USA Today article, “Feb. new-home sales soar to 7-year high.”

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