Inventory currently stands at 6.6 months supply, or 162, 000 new homes, according to the report from the U.S. Census Bureau and Department of Housing and Urban Development.

FORBES: America's Falling Home Sales And Why Bernanke Can't Fix Them

The U.S. Census Bureau and the U.S. Department of Housing and Urban Development also released March residential construction numbers this week.

FORBES: New Housing Data Shows A Springtime Bounce Back, Not A Double-Dip

We will have to radically scale back the Department of Commerce, the EPA, and all manner of other departments, agencies and foundations, from the Agency for International Development to the Arctic Research Commission, the Bureau of Indian Affairs to the National Weather Service, the Department of Housing and Urban Development to the Broadcasting Board of Governors.

FORBES: The Crotty Plan: Cut 25% Off the Federal Budget Now