Sales of new homes rocketed up 27 percent in March
By Dina ElBoghdady
Washington Post Staff Writer
Saturday, April 24, 2010
Sales of newly built homes shot up 27 percent in March -- the largest monthly gain in nearly five decades -- as mild weather and a lucrative tax credit pumped up demand for homes in all four regions of the country, according to federal data released Friday.
The Commerce Department reported that new-home sales jumped to a seasonally adjusted annual rate of 411,000, reversing February's record low and far exceeding the expectations of many experts who track the industry.
March 2010 - First Quarter of 2010 - MRIS Market Watch
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