The Low End of the New Home Market Is Starting to Get Hot
Sales of new homes priced from $150,000 to $299,999 are the strongest since 2008
Ara Hovnanian on New Home Sales, Housing Market
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Note to America's builders: less-expensive homes are starting to move.
Purchases of new homes climbed 7.8 percent from the previous month to a seasonally adjusted 539,000 annualized pace in February, a seven-year high, according to the latest U.S. government report. Perhaps the best news for the housing industry as a whole came in the breakdown of sales, by price.