New home sales in the U.S. decrease 1.5% in March

Market news

25 April 2016

New home sales in the U.S. decrease 1.5% in March

The U.S. Commerce Department released new home sales data on Monday. New home sales decreased 1.5% to a seasonally adjusted annual rate of 511,000 units in March from 519,000 units in February. February's figure was revised up from 512,000 units.

Analysts had expected new home sales to reach 519,000 units.

The decrease was mainly driven lower sales in the West region. New home sales in the West region plunged 23.6% in March.

European Central Bank purchases €19.91 billion of government and agency bonds last week

U.S.: New Home Sales, March 511 (forecast 519)

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