Cleaning & Restoration Breaking News

US new home sales surge in March

April 25, 2003
/ Print / Reprints /
/ Text Size+
WASHINGTON, April 25 (Reuters) - Americans bought far more new homes than expected in March, a government report showed on Friday, as homebuyers took advantage of some of the lowest mortgage rates since the 1960s.

New home sales rose 7.3 percent to a 1.012 million unit annual rate last month, the Commerce Department said, exceeding analyst expectations for an 898,000 sales pace.

That followed a revised 3.3 percent drop in February. Commerce said there were more late home sales in that month than the department estimated, leading to the change from a previously reported drop of 8.1 percent.

Home sales in the Northeast of the country soared 82.5 percent, the largest rise since April 1993, while the sales rate in the South set a new record.

Did you enjoy this article? Click here to subscribe to i Cleaning Specialist Magazine.

You must login or register in order to post a comment.



Image Galleries

The 2014 Experience Conference and Exhibition

A look in photos at the 2014 Experience Conference and Exhibition, which was held from April 24-26 at the Embassy Suites Convention Center and Spa in Frisco, Texas.


Have a limited marketing budget but realize the importance of neighborhood marketing? Try doorknob hangers, a low-cost, yet highly effective way to drum up more business. In this episode, John Braun discusses the value of this tactic as well as what you should include on the materials you're hanging.
More Podcasts

ICS Cleaning Specialist Magazine


2014 September

The September issue of ICS features stories on moisture detection, disinfectant services, neighborhood marketing, then we discuss the last level of being phenomenal, and cool products.

Table Of Contents Subscribe

Janitorial Work

In addition to residential and commercial carpet cleaning, do you do any janitorial work on the side?
View Results Poll Archive


Get Paid! book cover
Get Paid! (ebook)
Over 30 authors – over 40 articles…from attorneys, contractors, consultants, instructors and others, both inside and outside the restoration industry. R & R, C & R and Cleanfax, opened their archives and gave us the best they had, other chapters were created just for the “Get Paid!” book and its readers. And every one of them has ideas for how to get paid what you are owed.

More Products


Director_Buyer.jpgThe premier resource and reference guide for the cleaning and restoration industries.

Click here to view


Truckmount.jpgEquipment listings and specifications from the leading industry manufacturers.

Click here to view


facebook_40.png twitter_40px.png youtube_40px.pngcrc logo