November 22, 2024 5:44 am
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New home sales see uptick in April

UpTick--Blue-Green-w-treeBy Dees Stribling | MHN Online

Sales of new single-family houses came in at an annualized rate of 433,000 units in April, according to the Census Bureau and HUD on Friday. That’s a 6.4 percent increase compared with March, but 4.2 percent below the April 2013 annualized rate of 452,000.

As of the end of April, the number of new houses for sale was 192,000 units, or a 5.3-month supply at the current sales rate. The bureau further noted that the median sales price of new houses in April was $275,800, with the average sales price at $320,100.

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