New Home Sales Fell 0.6 Percent in March

After surging unexpectedly in February, new homes sales declined slightly last month, while prices continued to tumble.

New homes sales fell 0.6 percent to an annual rate of 356,000 in March. That was better than analysts expected, but down 30.6 percent compared to the same period a year ago.

Sales fell the most in the Northeast, 31 percent, and 7.8 percent in the Midwest. It was unchanged in the South, which includes the Washington area. But sales surged 15 percent in the West.

Read Full Article from Washington Post

- Posted: 2009-04-24 10:47:04

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