Housing sales data took a turn in the wrong direction in March.
Sales of new single-family houses in March 2012 were at a seasonally adjusted annual rate of 328,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development.
The March rate is 7.1% below the revised February rate of 353,000, but it’s 7.5% above the same rate from a year ago.
