The latest data on new home sales from the Census Bureau shows that though the market for new housing remains depressed, it is clearly moving toward greener pastures.
For March 2012, new single-family home sales were at a seasonally adjusted annual rate of 328,000, according to the bureau, which is a 7.5 percent increase from March 2011.
Though the data is 7.1 percent below February’s rate of 353,000, that is mainly because February’s totals were dramatically revised upward from their original 313,000.
The median sales price of March’s new houses sold was $234,500, ...
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