New Home Sales Slide
On the heels of earnings misses from DR Horton and PulteGroup, the US Commerce Department reported more disappointing news for the new home market. Sales for new single-family homes dropped 11.4% to 481,000 in March. Although the sector has struggled to find strong upward momentum, new single-family home sales are still up about 19% over the last year.
About author
You might also like
The Vanishing San Diego Single-Family Home
By Philip Molnar Many people still dream of buying a house that includes a few bedrooms, a yard to play in and a porch to watch the comings and goings
Los Angeles Home Market Hitting High Notes But Tempo Slowing
By Edward Fitz “Don’t Worry, Be Happy . . . ” Bobby McFerrin wrote and sang those rosy words, and created a No. 1 hit in 1988. And those same
