U.S. Markets open in 4 hrs 9 mins

New-Home Sales Surge To 16-Month High; Homebuilder Stocks Rise

JED GRAHAM
New-Home Sales Surge To 16-Month High; Homebuilder Stocks Rise

New-home sales rose 4.5% in March to a 692,000 annual rate, a 15-month high, amid lower mortgage rates and housing prices. Homebuilder stocks rose, helped by Pulte Group earnings.