New Home Sales Plummet 14 Point 5 Percent In March

Dated: 04/23/2014

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Sales of new single-family homes in March plummeted 14.5% to a seasonally adjusted annual rate of 384,000, hitting the lowest level since July 2013, the U.S. Census Bureau reported Wednesday.

The March drop in new home sales was a year-over-year drop of 13.3%. The report showed there were drops in three of four U.S. regions.

The March results were well below analyst expectations. The report can be read here.

Home sales have been tepid in market facing rising interest rates, investor-driven home price increases, declining inventory, a rising affordability gap and the much tighter lending standards imposed on the industry. Read More Here...
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Mark Ross

For Mark Ross, founder of Ross NW Real Estate and professional real estate broker, real estate has always been the career of choice. During his 25+ years in the industry, Mark has gained experience in....

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