March Hot Sheet

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“There is no doubt that the persistently bad weather took a toll on sales in February. However, builders continued to increase their inventory of for-sale homes, indicating they still anticipate a relatively strong spring buying season.” – Kevin Kelly, NAHB chairman and home builder from Wilmington, Del.”

Sales of newly built, single-family homes fell 3.3 percent to a seasonally adjusted annual rate of 440,000 units in February, according to newly released figures from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.