Sales of new single-family homes rebounded in March to above the 1.0 million sales pace after dropping for two consecutive months.The U.S. Census Bureau reported that new-home sales rose from a seasonally adjusted annual rate of 943,000 in February to 1.012 million in March. The February sales number was revised upward from 857,000. Builders expected home sales to slow because of the war with Iraq, but they didn't, said National Association of Home Builders economist Michael Carliner. NAHB economists are forecasting that sales of newly constructed homes will come close to last year's record of 974,000, and possibly exceed it.
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