New Home Sales Drop Big Time in April

New Home Sales Drop Big Time in April

For the first time this year, new construction of single-family homes sales fell 11.4% to a seasonally adjusted annual rate of 569,000 units, according to the National Association of Home Builders (NAHB). The NAHB reported that sales data for the first quarter of the year were all upwardly revised, and the March sales pace was the highest since October 2007. (more…)