New Home Sales Rise 8.9 Percent in March
Posted on: Monday, 26 April 2004, 06:00 CDT
WASHINGTON - Sales of new homes surged by 8.9 percent in March, the largest monthly increase in nine months, as mortgage rates bottomed out for the year before a recent, steady ascent.
The increase pushed sales of new, single family houses to a record seasonally adjusted annual rate of 1.228 million last month. That was up from 1.128 in February, the Commerce Department reported Monday.
The monthly increase of 8.9 percent was the highest since June 2003.
By region, new home sales soared by 19.3 percent in the South, hitting a record rate of 613,000. But in the Northeast, sales plummeted by 24.3 percent to a rate of 78,000. The West posted an increase of 5.1 percent to a pace of 349,000, and in the Midwest, sales rose by 5 percent to a pace of 188,000.
Related Articles
- National Instruments Reports Strong 8 Percent Sequential Increase in Q3 Revenue
- Subaru of America, Inc. Announces Quarterly Sales Increase and Best Ever Monthly Sales for Forester
- Subaru of America Announces Sales Increase for January
- U.S. Retail Sales Increase 0.1 Percent
- Wingstop Reports 14th Consecutive Quarter of Comp Store Sales Increases; 2006 Year Ends Up 13.6 Percent
- Staples, Inc. Reports Record First Quarter Performance; Earnings Per Share Rose 25 Percent and Company Sales Increased Nine Percent
- Pacific Sunwear Reports January Same Store Sales Increase 4.9 Percent
- SYSCO Reports 8.7 Percent Sales Growth in Second Quarter and Diluted EPS of $0.33
- Abbott Reports 15.0 Percent Sales Increase in the Third Quarter
- Abbott Reports 17.5 Percent Sales Increase in the Second Quarter
 |
 |
User Comments (0)
RSS Feeds