New home sales up, market still seen weak

WASHINGTON (Reuters) - Sales of new U.S. homes rose in March and the number of properties on the market was its lowest since the 1960s, but further gains will be hampered by stiff competition from a glut of previously owned houses.

Source: http://feeds.reuters.com/~r/reuters/topNews/~3/XwdXlmr3pgo/us-usa-economy-idUSTRE73D8GJ20110425

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