New home sales soared to a record seasonally adjusted annual rate of 888,000 in April, according to the Commerce Department, as the housing market continues to exhibit extraordinary strength.The April sales number represents a 5% rebound over the March sales figure (844,000) and it surprised economists at the National Association of Home Builders, who have been expecting home sales to slow. An NAHB survey of builders found strong sales in April, but builders are "less optimistic about sales in the next six months," NAHB economist Michael Carliner said. (See related chart in Mortgage Data Charts section.)
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