In a sign that the economy is still sluggish, sales of new homes fell .6% in March, the Commerce Department reported today.
The numbers from March were 30.6%below those of February 2008.
Sales of new homes were at a seasonally adjusted annual rate of 356,000, which projects what the rate would have been had sales been at that level all year.
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By contrast, the rate for February was 356,000 and the rate for March 2008 was 513,000
The median price for a new home was $201,400, compared with $200,900 in February. The average price was $258,000, compared with $251,000 in February.
New home sales fell from their February levels in the Northeast and Midwest by 32.1%, 7.8%, respectively. They increased by 15.1% in the West and were unchanged in the Midwest.
The year-to-year sales figures declined in all four regions: 32.9% in the Midwest, 32.1% in the Northeast, 31.1% in the West, and 29.7% in the South.
Today's figures are the second bit of bad news on the housing front this week. Yesterday, the National Association of Realtors reported that existing home sales fell 3% last month.
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