New home sales up 1.5% in March

|  April 23, 2013 |

homesalesAfter a dip in February followed a strong surge in January, new home sales edged slightly upward in March.

According to data from the U.S. Census Bureau, sales of new single-family homes rose 1.5 percent in March to a seasonally adjusted annual rate of 417,000.

At the end of March, 153,000 homes were listed for sale. That’s the highest listing amount since November 2011.

March’s rate of 417,000 is 18.5 percent higher than the March 2012 estimate of 352,000, ┬ánicely illustrating the recent boom in sales.

The data shows that the average sales price of new houses sold in March was $279,000 while the median sales price was $247,000.

Do you want some tips to stay safe on the job site?

Equipment World has created an entire section devoted to safety.

Click here to check it out. »


Here are the most recent tips we've posted:

Hauling headaches: Know your load limits when trailering equipment

One-man machines: The operator should be the only person on a wheel loader