Sales surge 27 percent, the strongest month since July
Source: Associated Press
Sales of new homes surged 27 percent last month, bouncing off the previous month's record low and blowing past expectations as government incentives and better weather boosted sales.
The Commerce Department said Friday that new-home sales rose in March to a seasonally adjusted annual sales pace of 411,000. It was the strongest month since last July and the biggest monthly increase in 47 years.
Economists surveyed by Thomson Reuters had expected a sales pace of 330,000. February's results were revised upward to 324,000, but remained an all-time low. Sales had been especially weak over the winter, partly due to bad weather in much of the country.
For the full article, click on the link below...
http://www.msnbc.msn.com/id/36735173/ns/business-real_estate/
LOCAL REAL ESTATE MARKET DATA, TRENDS, LISTINGS AND INFORMATION. ALL INFORMATION IS BASED ON LOCAL MLS AND WHILE WE BELIEVE THE INFORMATION IS ACCURATE, WE CAN NOT GUARANTEE IT. FOR MORE INFORMATION CALL US AT 917-971-0854
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment