Homes Sales a Mixed Bag

NEW YORK (CNNMoney) — While sales of new homes slowed in March, government figures for the previous two months were revised sharply higher Tuesday, pointing to a solid winter rebound in the housing market.

The Census Bureau reported that sales of new homes in the month came in at an annual pace of 328,000 when adjusted for the season. That was down 7.1% from the 353,000 sales pace in February — but that February figure was revised up by 40,000 from the reading issued last month.

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