Dallas-Fort Worth 1Q new home sales down 40%

Low interest rates and builder giveaways weren’t enough to lure buyers back to the new home market in the first quarter.

Sales of new homes in the Dallas-Fort Worth area were down 40 percent from the first three months of 2008, housing analyst MetroStudy Inc. said Tuesday.

Only about 4,200 new home sales were recorded in the area during the first quarter. That’s the lowest number of new homes sold in North Texas in more than a decade.

Read more here >