New Home Sales in U.S. Uptick in April

New Home Sales in U.S. Uptick in April

Residential News » North America Residential News Edition | By David Barley | May 23, 2012 12:49 PM ET

New-Home-Sales.jpg According to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development (HUD), sales of new single-family houses in April 2012 were at a seasonally adjusted annual rate of 343,000.

This is 3.3 percent (±12.3%) above the revised March rate of 332,000 and is 9.9 percent (±14.7%) above the April 2011 estimate of 312,000.

The median sales price of new houses sold in April 2012 was $235,700; the average sales price was $282,600. The seasonally adjusted estimate of new houses for sale at the end of April was 146,000.  This represents a supply of 5.1 months at the current sales rate.

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