New home sales crawl back from all-time low

By Qiong (June) Zhang39 Comments

http://finance.yahoo.com/news/New-home-sales-crawl-back-cnnm-2115419628.html?x=0

The Census Bureay reported an annual sales rate of 300,000 in March. While that was an 11% increase from February’s revised record low of 270.000, new home sales remained near the lowest levels ever recorded.

Compared to March of last year, the annual rate was down a staggering 21.9%.

Economists surveyed by Briefing.com were expecting a sales rate of 280,000 in March.

News, News-Housing

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