Login  /  Register  | 3 premium articles left before you must register.
Join | Rewards | Advertise

New-home sales off 7 percent in March

Published 04/25/2012 12:00 AM
Updated 04/25/2012 12:12 AM

Washington - Sales of new homes fell in March by the largest amount in more than a year, indicating that the U.S. housing market remains under strain despite some modest signs of improvement.The Commerce Department says sales dropped 7.1 percent in March to a seasonally adjusted annual rate of 328,000 units. That followed a 7.3 percent increase in sales in February. This figure was revised up from an estimate that February sales had fallen 1.6 percent. The weakness in March could reflect that a warmer-than-normal winter caused sales that normally occur at the start of the spring sales season in March to occur in February. The median home price was $234,500 in March, down 1 percent.

Also of Interest

Town News

Visit Zip06
what is zip06? | my profile
Submit Your:  Submit Your News Submit Your Photos Submit Your Events

MORE

Have you spotted a celebrity?

Have you ever spotted any celebrities around the region? Tell us who, where and when via email to tips@theday.com. Include photos if possible.

MORE QUERIES
Most Recent Poll
Should the New London Fire Department try to rehire fired firefighter Alfred Mayo?
Yes
35%
No
52%
I'm not sure
13%
Number of votes: 1191

Popular on theday.com