Here’s the good news behind the volatile new-home sales data

new-home-sales-2-300x207By Brena Swanson | HousngWire

New-home sales, despite being adjusted up and down on a regular basis, continued a slow, upward trajectory in March.

Sales of new single-family houses in March 2016 were at a seasonally adjusted annual rate of 511,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development.

This is 1.5% below the revised February rate of 519,000, but up 5.4% from the March 2015 estimate of 485,000.

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