Sales of new homes ticked lower in March, unexpectedly.
In March, single-family Housing Starts were down 0.2% from the month prior, or just 1,000 units on a seasonally-adjusted, annualized basis.
Sales of new homes fell to the lowest levels in four months last month.
The new construction housing market appears primed for growth.
The U.S. economy is expanding, fueled by a renewed consumer optimism and increased consumer spending.
321,000 new homes were sold last month on a seasonally-adjusted, annualized basis. 7 of 10 new homes sold for less than $300,000.
The 2012 housing market started like 2011 ended — strong.
The national, average commute time is just 25.1 minutes. How long is yours?
According to the Census Bureau, the number of new homes sold in December 2011 slipped 2 percent to 307,000 units on a seasonally-adjusted, annualized basis nationwide.
According to the Census Bureau, the number of new homes sold rose 2 percent in November, taking the metric to a 7-month high.