Lowered The Sale Of New Homes In U.S.

Posted On 24 Apr 2014
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Tag: fall of prices of homes in U.S. 2014, new homes sales in united states, reduced prices of homes in U.S. 2014

Surprise fall in March

Sales of new U.S. homes fell sharply in March for the second consecutive month, according to data released Wednesday by the Commerce Department.

The number of transactions was 384 thousand in annual projection and seasonally adjusted data, marking a decline of 14.5 percent in a month, while analysts expected an increase of 3.5%, the Agency France Press.

Meanwhile, Efe stresses that in February, the annual pace of sales had reached 449 thousand units and most analysts expected, which would stand at 450 thousand units in the third month of the year.

For nearly a year, the pace of home sales has remained low due to the increase in both prices and mortgage interest.

This one winter with a series of unusual snowstorms and low temperatures, which affected the real estate business joined.

The average price of homes in March reached the $ 290,000, 12.6 percent above the average price for March 2013.

The inventory of new homes for sale rose from the equivalent of five months of the February sales pace, six months after the March sales pace.

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