Sales Of New Homes Plunged In March

Apr 24, 2014
Originally published on April 24, 2014 5:30 am



NPR's business news begins with a housing drop.


GREENE: Sales of new homes plunged in the month of March to the lowest pace since last July. The harsh never-ending winter may have been partly to blame, but the sluggish economy and the fact that it's still tough to get a mortgage made things especially difficult for some buyers.

There was also sticker shock, as the median price of new homes hit record $290,000. A thaw might be occurring now that we're into April. Some homebuilders say things are indeed looking up. Transcript provided by NPR, Copyright NPR.