Thursday, April 24, 2008

March New Home Sales Plummet 37%

Sales of new homes tumbled 36.6% in March from the same month in 2007 to an annualized rate of just 526,000 units, according to the Census Bureau. Through the end of the first quarter, new home sales were down by a third from the same period last year to just 142,000 units sold.
Median sales price of a new home in March was down 13.3% from March, 2007's median, to just $227,600.

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