Sales of new single-family homes increased 4.7% to a 337,000 seasonally adjusted annual rate in February, according to data released by the Commerce Department yesterday.

The February figure came after an upwardly revised 322,000 rate in January, a 13.2% drop, originally reported as a 10.2% decrease to 309,000. Thomson Reuters’ poll of economists had predicted a 300,000 sales level for February.

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