New Home Sales Hit Highest Level in 7 Years

“According to new data from the federal government, new home sales rose to the highest level in seven years in February. Sales of newly built, single-family homes increased 7.8% from a month earlier to a seasonally adjusted annual rate of 539,000, the report said. That is the highest level since February 2008.

Metrostudy’s weekly data on traffic and sales have been showing that “traffic,” or the number of people going through builders’ showrooms has been up in February, and also so far in March, compared with the same period last year. In fact, traffic is stronger in many markets than in the same period for the past two years…”

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“New Home Sales Hit Highest Level in 7 Years”
Builder Online
By: Brad Hunter
March 24, 2015