The sales pace for February was revised down to a rate of 674,000 units from the previously reported 676,000 units. Economists polled by Reuters had forecast new home sales, which make up about 14 ...

Here are the main takeaways from the Commerce Department report released Wednesday: --Sales of new single-family homes rose 7.4% to 724,000 from 674,000 in February. --Sales had been expected to ...