While sales of existing homes dipped in March because of a tighter inventory, sales of newly built homes rose 1.5 percent from February and were up a whopping 18.5 percent from March 2012, the Census Bureau and Department of Housing and Urban Development say.
Originally published on Mon April 22, 2013 11:42 am
There was a 0.6 percent dip in sales of existing homes in March from February, the National Association of Realtors reports, because the supply of homes for sale has tightened as the number of would-be buyers rises.
Its data suggest that sales ran at a 4.92 million annual rate last month, falling from a "downwardly revised" pace of 4.95 million the month before.
Colorado’s unemployment rate fell again in March to the lowest figure since January of 2009. The state’s figure remains well below the national unemployment rate of 7.6 percent.