New Construction Homes Sales Increase

Friday, March 27, 2009 - By Gate Arty

In February, new construction home sales increased to 337,000 units from 322,000 in January. This represents an increase of 4.7%. This was the first increase in new construction sales since July, 2008. Affordability undoubtedly played a pivotal role in the increase. The median sales price in February 2008 was $245,000 compared to a modest $200,900 this February. We must be near the trough of this economic landslide by now.

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