Sales Of New Homes Rose Last Month | WAMU 88.5 - American University Radio

NPR : News

Filed Under:

Sales Of New Homes Rose Last Month

While sales of existing homes dipped in March because of a tighter inventory, sales of newly built homes rose 1.5 percent from February and were up a whopping 18.5 percent from March 2012, the Census Bureau and Department of Housing and Urban Development say.

According to Bloomberg News, the March sales results for new homes caps "the best quarter for the industry since 2008." They're also "more evidence the housing recovery will be sustained."

Bloomberg adds that:

"A dearth of existing properties is encouraging builders to undertake new projects that will keep fueling the economy. Mortgage rates close to record lows, higher home values and rising household formation are helping lay the groundwork for increased buyer traffic in 2013."

Copyright 2013 NPR. To see more, visit http://www.npr.org/.

NPR

Christmas Bells Are Ringing, And Cable Holiday Movies Are Unrelenting

Christmas cable movies are a genre unto themselves. We take a look at some of the Hallmark (and other) romances that are surprisingly big business this time of year.
NPR

Coca-Cola Wades Into Milk Business With 'Fairlife'

The milk is now for sale in a limited number of stores — including the Coborn's in Belle Plaine, Minn. Ari Shairo talks with Coborn's dairy manager, Steven Thueringer.
NPR

Judge Rules Fewer Political Groups Can Keep Their Donors Secret

The ruling targets the funders of campaign issue ads that encourage viewers to choose a specific candidate. The FEC now must decide whether it will appeal the ruling or require more disclosure.
NPR

In Darren Wilson's Testimony, Familiar Themes About Black Men

Wilson's descriptions of Michael Brown reminded some people of negative depictions of African-Americans in history. Recent studies suggest these perceptions have deeper psychological roots.

Leave a Comment

Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.