New Home Sales Near All-Time Low

The Census Bureau reported an annual sales rate of 300,000 new homes in March. While that was an 11% increase from February’s all-time low of 270,000, new home sales remained near the lowest levels recorded since the government started tracking the data in 1963. Compared to March of last year, the annual rate was down a staggering 21.9%. – CNNMoney

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