WASHINGTON - New home sales posted an all-time record in March. The pace of new single-family homes sales increased 8.9 percent over a strong February to a seasonally adjusted annual rate of 1.228 million, the U.S. Department of Commerce reported. This was a 21.8 percent increase over the March 2003 pace.
"Home sales were very robust as builders entered their peak selling season," said Bobby Rayburn, president of the National Association of Home Builders (NAHB). "Builders are working hard to keep up with a very strong demand."