New Home Sales Post Record In March

New-home sales posted an all-time record in March, buoyed largely by the second lowest interest rates since 1956 and a strengthening national economy.

The pace of new single-family-home sales increased 8.9 percent over an already strong February to a seasonally adjusted annual rate of 1.228 million, the Commerce Department reported. This was a 21.8 percent increase over the March 2003 pace.

“The market is very strong and interest rates are still very attractive,” said NAHB Chi

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