- Analytics
- News and Tools
- Market News
- New home sales plunge 11.4% in March, the steepest fall since July 2013
New home sales plunge 11.4% in March, the steepest fall since July 2013
The U.S. Commerce Department released new home sales data on Thursday. New home sales dropped 11.4% to a seasonally adjusted annual rate of 481,000 units in March from 543,000 units in February. It was the steepest fall since July 2013.
February's figure was revised up from 539,000 units.
Analysts had expected new home sales to reach 514,000 units.
The drop was driven by lower sales in the Northeast in the South. New home sales in the Northeast plunged 33.3% in March, while new home sales in the South slid 15.8%.
The median sales price of new houses sold was $277,400 in March, down from $281,600 in February.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
