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4/24/2012 4:30:00 PM Write a Letter to the Editor Write a letter to the Editor

New Home Sales Decline in March

New home sales fell 7.1% in March from a two-year high the previous month, the Commerce Department said Tuesday.

Sales decreased to an annual rate of 328,000 following a revised 353,000 rate in February that was 40,000 higher than previously reported.

March’s rate was above economists’ median forecast of 319,000, Bloomberg reported.

New home sales account for about 15% of residential real estate sales. Rising home sales can mean more business for flatbed trucking companies that haul building materials and dry van freight carriers that haul household appliances and furniture.

By Transport Topics

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