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National  |  April 25, 2018
Dennis Kaiser
By: Dennis Kaiser

U.S. New Home Sales Rise 4% in March

The Commerce Department reported new home sales shot up 4% last month, in part driven by a substantial surge of West Coast home buyers. The seasonally-adjusted annual rate hit 694,000 in March.

Sales were also adjusted to higher figures for both January (644,000) and February (667,000). Those revised numbers translate into Q1 2018 sales that are 10.3% higher than a year ago.

The improved economic outlook was credited for driving the sales of new homes, and those gains have not been slowed by rising 30-year mortgage rates, which have reached the highest point they’ve been since early 2014.

Sales jumped 28.3% in the West for March, and were slightly up in the South. New home sales fell in the Midwest and plunged in the Northeast.

The National Association of Realtors also reported listings for existing homes dropped to the lowest levels on record for March.

For comments, questions or concerns, please contact Dennis Kaiser

Read More News Stories About: National Association of Realtors
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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.
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