WRAPUP 2-U.S. home sales vault to 18-month high as supply improves

April 22, 2015 5:20 PM

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WASHINGTON, April 22 (Reuters) - U.S. home resales surged to their highest level in 18 months in March as more homes came on the market, a sign of strength in housing ahead of the spring selling season.

The fairly upbeat report from the National Association of Realtors on Wednesday implied the economy was regaining some momentum after hitting a speed bump at the start of the year.

Also read: Sales of new homes rose 3.1 percent in September

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