Special offer

New Home Supply Falls To 16-Year Low

By
Mortgage and Lending with Chris Brown | Certified Mortgage Planners NMLS 303797

 

New Home Supply March 2010-March 2011After posting an all-time low in February, New Home Sales rebounded strongly last month.

Based on joint research from the Census Bureau and HUD, 300,000 new, single-family homes were sold on a seasonally-adjusted, annualized basis in March. It's an 11 percent improvement from February, and right in-line with the 6-month average.

The supply of....

 

Read the COMPLETE BLOG POST HERE:

New Home Supply Falls To 16-Year Low


Comments(1)

Tom Robinson
Keller Williams Realty Kingstowne/Alexandria, VA Office - Fairfax, VA
Experienced Real Estate, Professional Serving No. VA and DC

I imagine not too many are being built with the glut of resale homes.

Apr 28, 2011 01:53 AM