U.S. new home sales rise in March

08:51, April 26, 2011      

Email | Print | Subscribe | Comments | Forum 

Sales of new single-family houses in the United States jumped 11.1 percent in March after three straight monthly declines, the U.S. Commerce Department said on Monday.

Sales of new single-family houses in March were at a seasonally adjusted annual rate of 300,000 units, up from the revised February rate of 270,000 units, but still 21.9 percent below the March 2010 estimate of 384,000 units, said the department.

The median sales price of new houses sold in March rose to 213,800 U.S. dollars from 202,000 dollars in February.

Single-family housing starts accounted for around 70 percent of the total new home construction including houses and apartment buildings in the nation.

The U.S. housing industry is suffering its worst slump in decades. Experts said the home price downturn, large inventory of foreclosed houses and a persisting credit crunch have been a major drag on the property sector as well as the overall economic recovery.

Source: Xinhua
 
 
     
 
BRICS Leaders Meeting 2011
 
Japan in aftershocks
 
     
 
 
 
  Weekly review  
 
April 20   Beijing-Shanghai high-speed rail to remove luxury seats
 
April 18   China undergoing shift into nation of consumers
April 18   Zhejiang checks food, raids illegal bun makers
April 19   SASS: Chinese students mentally healthier than Asian peers
April 23   The week in pictures
April 19   Build legal bulwark against moral decline
April 21   'China model' 30 years on: from home to abroad
April 21   Piano student's bloody crime heart-wrenching in China
April 18   China places firmer lid on home prices
April 19   China puts brake on economic bullet train
 
     
 
 

(Editor:张茜)

  • Do you have anything to say?

双语词典
dictionary

  
Special Coverage
  • BRICS Leaders' Meeting 2011
  • Focus On China
Major headlines
Editor's Pick
  • Bullet train between Tokyo and Sendai resumes
  • Chinese vice premier urges better services for government-funded hospitals
  • Antique car parade held on Easter Sunday in Canada
  • Sandstorm sweeps across NW China
  • Continuous snowfall disturbs traffic in NE China
  • 1st girl-and-boy twin polar bears survive in China
Most Popular
Hot Forum Dicussion