New Home Sales In Midwest Rise Over Ten Percent In March From Year Ago

By Dennis Norman, on April 25th, 2016

New home sales in the midwest region of the U.S. during March rose 10.3 percent from March 2015, according to a report just released by the US Census Bureau.  In March 2016, new homes were sold in the Midwest at a seasonally adjusted annual rate of 64,000 new homes, an increase of 18.5 percent from February, when the rate was 54,000 homes and a 10.3 percent increase from March 2015 when the rate of new home sales in the midwest was 58,000 homes annually.

 

On a national level, new homes sales in March were at a seasonally adjusted annual rate of 511,000 homes, down 1.5% from February and up just 5.4% from a year ago.

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