Tim Rood wrote an interesting post today on
Here’s a quick excerpt
New home sales increased to 417,000 units on a seasonally adjusted annual basis in March. This was a 1.5 percent increase from the revised estimate of 411,000 units in February and an increase of 18.5 percent from March 2012, but fell short of the consensus estimate at 420,000 units.
On a regional basis, sales in the Northeast jumped from a pace of 34,000 homes in February to 41,000 in March, an increase of 20.6 percent. Sales were up 32.3 percent on a year-over-year basis.
Sales in the Midwest lost ground, dropping 12.1 percent in March with sales at a rate of 51,000 units compared to 58,000 in February. The March number was still an increase of 21.4 percent from a year earlier.
…(read more)
Forward this article via email: Send a copy of this story to someone you know that may want to read it.
Read the rest of this great post here