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
Trending Stories
Ted Cruz campaign pulls ad featuring softcore porn actress
Report: Clinton Foundation subpoenaed by State Dept. watchdog over charity projects
Ruby Rose, Gigi Hadid react to Kanye West's lyric about Taylor Swift
Kristen Wiig impersonates Peyton Manning on 'The Tonight Show'
NYC police officer found guilty of manslaughter in Brooklyn stairway shooting