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New homes sales data, corporate earning expected

6:08 AM, Apr 23, 2013   |    comments
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WASHINGTON (AP) - A day after a report than sales of existing homes fell last month, the government offers a report on sales of new homes in March. While new home sales fell in February, they were coming off the strongest sales pace in more than four years and were still more than 12 percent higher than the same month a year earlier.

Sales have not reached the 700,000 level considered healthy, the housing recovery has been gaining strength and starting to look sustainable, thanks to steady job creation and near record-low mortgage rates.

Meanwhile, the corporate earnings season picks up. Apple, AT&T, Delta Airlines, DuPont and Yum Brands are among a long list of companies scheduled to release quarterly financial results.

Associated Press

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