New Home Sales Jump From Record Low

It is great to see the new home market get a break after it had suffered so much in the past few years. This is very promissing for the recovery of our real estate market.

“Sales of new homes surged 27 percent last month, bouncing off the previous month’s record low and blowing past expectations as better weather and government incentives boosted sales.

The Commerce Department said Friday that new home sales rose in March to a seasonally adjusted annual sales pace of 411,000. It was the strongest month since last July and the biggest monthly increase in 47 years.”

Full Story: http://www.npr.org/templates/story/story.php?storyId=126217213

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