NPR logo

Sales Of New Homes Plunged In March

  • Download
  • <iframe src="https://www.npr.org/player/embed/306390319/306390320" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript
Sales Of New Homes Plunged In March

Sales Of New Homes Plunged In March

Sales Of New Homes Plunged In March

  • Download
  • <iframe src="https://www.npr.org/player/embed/306390319/306390320" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

The harsh, persistent winter may have been partly to blame. New home sales are at their lowest pace since last July.

DAVID GREENE, HOST:

NPR's business news begins with a housing drop.

(SOUNDBITE OF MUSIC)

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 a record $290,000. A thaw might be occurring now that we're into April. Some homebuilders say things are, indeed, looking up.

Copyright © 2014 NPR. All rights reserved. Visit our website terms of use and permissions pages at www.npr.org for further information.

NPR transcripts are created on a rush deadline by Verb8tm, Inc., an NPR contractor, and produced using a proprietary transcription process developed with NPR. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.

We no longer support commenting on NPR.org stories, but you can find us every day on Facebook, Twitter, email, and many other platforms. Learn more or contact us.