U.S. Commerce Department: New home sales in Northeast fall more than 30 percent in March

Sales of new single-family homes in the Northeast in March fell 33.3 percent to 20,000, according to the U.S. Commerce Department. February’s revised annual rate was 30,000.

Nationally, new home sales were at a seasonally adjusted annual rate of 481,000, down 11.4 percent from February but 19.4 percent above the March 2014 total of 403,000. Click here to read the entire U.S. Commerce Department press release.