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New Home Sales Hit A Record High

David McNew/Getty Images

SANTA CLARITA, CA – APRIL 26: A new housing development nears completion on April 26, 2005 in Santa Clarita, California. New U.S. home sales unexpectedly jumped 12.2 percent in March to a strikingly high record according to a government report released today. Economists had expected sales to decline but sales jumped 21.9 percent in the Midwest, 13.8 percent in the South and 9.9 percent in the West. (Photo by David McNew/Getty Images)

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