facebook
twitter
search
search

New home sales rose in April

May 23, 2013 at 10:20 AM
| License Photo

WASHINGTON, May 23 (UPI) -- 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.

Related UPI Stories
Latest Headlines
Top Stories