Sale of new homes at 328,000 annual rate in March

Please feel welcome to join in on these informative ongoing discussions about trading futures and commodities.

The Trading Forum is intended for the open discussion of commodities trading. The management of this Forum does not agree or disagree with the ideas exchanged, and does not exert editorial control over the message posted herein. Read and post at your own risk. The risk of loss in trading or commodities can be substantial. We discourage the use of this Forum to promote trading that is acknowledged to be risky. Please note: many links from the Forum lead to pages on other web sites. We cannot take responsibility for nor endorse the information presented on those sites.

Forum Policy

Return to Index

TFC Commodity Trading Forum

Sale of new homes at 328,000 annual rate in March (by Jeffry Bartash)

WASHINGTON (MarketWatch) - New homes in the U.S. were sold at an annual rate of 328,000 in March, slightly above market forecasts. Yet sales fell by 7.1% last month because purchases of new homes in February were revised sharply higher, according to Commerce Department data released Tuesday. In February, the sales rate was revised up to 353,000 from an original reading of 313,000. Economists surveyed by MarketWatch expected new home sales in March to total 325,000 on a seasonally adjusted basis. The median sales price, meanwhile, fell 1% last month to $234,500. The supply of new homes on market dipped to 5.3 months from 5.4 months in February.

Forum Policy

Return to Index