Fueled by the West, the number of new homes sold last month was more than during any month since the financial crisis. Sales in the Northeast, however, suffered.

Sales of new U.S. single-family homes came to 68,000 units in March — the single biggest month for new home sales since July 2008, when the total was also 68,000.

The data, jointly reported Tuesday by the Census Bureau and the Department of Housing and Urban Development, indicate so far this year, 172,000 new homes have been sold.

Source: Mortgage Daily