Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

New-Home Sales Break All Previous Records in March
Apr 27, 2005
 Printable format
 Email this Article
 Search

Sales of newly built single-family homes rose by 12.2 percent to hit an all-time high seasonally adjusted annual rate of 1.43 million units in March, according to Commerce Department figures.

"This surprisingly good number shows there's still plenty of demand in today's new-home marketplace," said David Wilson, president of the National Association of Home Builders (NAHB) and a custom home builder from Ketchum, ID, U.S. "It may be that higher mortgage rates pushed more fence-sitters to go for it last month, which often happens when further rate gains are expected."

According to the Commerce Department, the number of new homes for sale fell about 1 percent in March, to 3.6 months' supply at the current sales pace.

Three out of four regions posted higher home sales in March, with the Northeast's 9 percent decline being the only exception. Sales gained 22 percent in the Midwest, 13.8 percent in the South and 10 percent in the West.

Commerce also reported substantial upward revisions to its nationwide new-home sales figures for December, January, and February.

"Looking to the future, it will be difficult to sustain as quick a sales pace as we've seen in March," NAHB Chief Economist David Seiders noted. “However, given the fact that long-term mortgage rates have actually fallen since then and that inventories are in such good shape, it's likely that new-home sales for all of 2005 will challenge last year's record 1.2 million units.”

Back to Daily News

 

Daily News

...........................................................

Oct 23, 2014: Whirlpool Corporation to Showcase Resource-Efficient Technologies at Greenbuild

Oct 23, 2014: CWIEME Chicago exhibition had record attendees

Oct 22, 2014: Middleby to add U-Line to residential appliance business

Oct 22, 2014: iRobot's 3Q exceeds expectations, driven by Home Robots growth

Oct 22, 2014: Whirlpool Canada named 2014 Energy Star Manufacturer of the Year

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014
May 2014: Appliance Magazine Market Insight: March 2014
April 2014: Appliance Magazine Market Insight: February 2014




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows