Plunging US home sales not weather's fault

by Ashraf Laidi

Apr 23, 2014 18:30

Sales of new homes in the US plunged 14.5% in March to 384,000 annualized units, the lowest level in eight months. The 14.5% decline was the 3rd biggest monthly drop in 20 years, with the larger declines seen in July 2013 and May 2010 at -17.1% and -33.5% respectively. Full charts & analysis here

Click To Enlarge

Act	Exp	Prev	GMT
New Home Sales (MAR) (m/m)
0.384M	0.450M	0.449M	Apr 23 14:00
New Home Sales Change (MAR) (m/m)
-14.5%		-4.5%	Apr 23 14:00

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