"The already solid housing market surged further in April as new home sales skyrocketed to their largest monthly gain in more than two decades.

New sales ballooned 16.6 percent over the month, according to a report published Tuesday by the Census Bureau. That's up nearly 24 percent over the year and marks the best pace of growth seen in any month since 1993. The total number of new homes sold in April – 619,000 at a seasonally adjusted annualized rate – was also the highest the economy has seen since early 2008."

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