New home sales up slightly in April

Published: May 27, 2008 at 12:04 PM
Order reprints
WASHINGTON, May 27 (UPI) -- New single-family home sales in the United States increased 3.3 percent in April over March's revised figure of 509,000, the U.S. Commerce Department reported.

The increased sales still lag far behind figures from a year ago, falling 42 percent below the 907,000 one-family homes sold in April 2007.

The median sales price of a new home sold in April was $246,100 with an average price of $321,000.

The Commerce Department said 456,000 new homes were on the market in the United States at the end of the month -- a seasonally adjusted estimate. At current prices, it would take 10.6 months for the homes to sell, the report said.


© 2008 United Press International, Inc. All Rights Reserved.



Brown seeks Gadhafi's help in kidnap case (10 min)
Bulgaria customs stop 42 illegal migrants (10 min)
Kurdish constitution seen as unity threat (16 min)
Kinney joining 'Mentalist' cast (18 min)
Canadian unemployment eases in June (20 min)
U.S. H1N1 vaccinations to begin in fall (21 min)
Animal hoarder beyond Canadian law (25 min)
fark
GM emerges from bankruptcy, sees shadow of debt, predicts six more weeks of Buick
Ugly ass baby giraffe born at Jacksonville Zoo. It's got legs that won't quit
Darwin scores first victory in 15 years at annual Running of the Dipshiats in Pamplona
...so here's some ugly-ass hairless baby macaque monkeys that look like George W. Bush
You should never have to apologize for being right. Even when you're the editor of the Farmers'...
Most unmarried U.S. couples who live together aren't trying to test their relationship -- they just...