New Home Sales Slide In March

St Louis New Home SalesNew home sales here in the midwest slid over percent (21.5) in March from the month before making the midwest the region of the US with the biggest decline in new home sales from February with the west being next with a decline of 16.7 percent.  This is on the heels of a 36.7% increase in home sales in February from the month before.  Nationally, new home sales in March 2014 were down 14.5 percent from the month before, according to a report just released today by the U.S. Census Bureau.   On a year-over-year basis, new home sales in the midwest were down 17.7 percent in March 2014 from March 2013 while nationally they were down 13.3% for the same time period.


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