WASHINGTON — Sales of new U.S. homes fell in March, as the spring buying season opened with sharp declines in the Northeast and South.
The Commerce Department said Thursday that new-home sales fell 11.4 percent last month to a seasonally adjusted annual rate of 481,000. This marks a swift reversal from an annual sales pace of 543,000 in February, which had been the strongest performance in seven years.
Read Friday's Arkansas Democrat-Gazette for full details.