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Friday, August 22, 2014, 6:38 p.m.
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Sales of new U.S. homes plunge 14.5% in March

By The Associated Press

This article was published April 23, 2014 at 11:07 a.m.

WASHINGTON — The number of Americans buying new homes plummeted in March to the slowest pace in eight months, a sign that real estate's spring buying season is off to a weak start.

The Commerce Department said Wednesday that sales of new homes declined 14.5 percent last month to a seasonally adjusted annual rate of 384,000. That was the second straight monthly decline and the lowest rate since July 2013.

Sales plunged in the Midwest, South and West in March. But they rebounded in the Northeast, where snowstorms in previous months curtailed purchases.

Read tomorrow's Arkansas Democrat-Gazette for full details.

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Capitalist12 says... April 23, 2014 at 11:04 p.m.

Obamaworld. How much more can the US economy take?

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