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 Real Estate Blog 
Sunday, April 25 2010

New Home Sales soared by 26.9% in March to a seasonally adjusted annual rate of 411,000. Relative to a year ago, sales were up 23.8%.

In addition, the numbers for February were revised up to an annual rate of 324,000 rather than the original reported figure of 30.8%. So relative to where we thought sales were they climbed 33.4%.

This is by far the most significant economic number of the week. Inventories of homes for sale fell by 2.1% to 228,000. That drop, combined with the faster sales pace, lowered the months of supply metric down to 6.7 months from 8.6 months in February. Over the last year, inventories are down 27.2%, and a year ago months of supply stood at 11.3.

Read the rest of the story here: http://tinyurl.com/3326rov

 

Posted by: Rolando Trentini AT 08:00 am   |  Permalink   |  0 Comments  |  Email
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The Trentini Team
F.C. Tucker EMGE REALTORS®
7820 Eagle Crest Bvd., Suite 200
Evansville, IN 47715
Office: (812) 479-0801
Cell: (812) 499-9234
Email: Rolando@RolandoTrentini.com


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