News Column

Sales of New Homes Rose in April

May 23, 2013
new home sales

New U.S. one-family home sales rose modestly from March to April, the U.S. Commerce Department said Thursday.

New single-family home sales rose 2.3 percent month to month to a seasonally adjusted annual rate of 454,000 units, a level that is 29 percent above April 2012, when the annual rate was 352,000, the department said.

The median sales price of a new home was $271,600 and the average sales price was $330,800, the report said.

The department said it would take 4.1 months for the market inventory of 156,000 homes to sell at the current pace of sales.




For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: Copyright UPI 2013


Story Tools






HispanicBusiness.com Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters