New Home Sales fall 7.1% in March to 328K units on an annual rate. However, February was revised to 353K from 313K. The 328K rise in New Home Sales was above the 318K expected.
The New Home Sales report shows the number of newly constructed homes with a committed sale during the month. It is compiled through nationwide survey of 10,000 builders/owners of 15,000 building projects and through sampling of permit-issuing offices, as well as land not covered by building permits.
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Shawn Kaplan is an active, 50 state Licensed loan officer with Access National Mortgage. Email Shawn at email@example.com or call 615-426-3182.
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