Shin Oak Realty is a full service Real Estate office specializing in the Central Texas Real Estate market.
Our Team: Randy O'Dell, Suzy Bates, Candice O'Dell, Bradley "BJ" O'Dell & Barbara Childers

Wednesday, April 28, 2010

U.S. NEW HOME SALES SURGE

HOUSTON (Houston Business Journal) – New home sales surged 26.9 percent from February to March, according to the Department of Commerce.

The nationwide increase, which was the largest one-month gain in five decades, was accompanied by a 23.8 percent increase in new home sales year over year.
There were 228,000 new homes on the market at the end of March, a 6.7-month inventory at the current sales rate.

Last month's sales increase was credited partially to fairer weather and buyers hurrying to beat the expiration of the government's homebuyer tax credit.