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Posted at 11:34 AM ET, 05/23/2012

Sales of new homes up 3.3 percent in April


(Pat Wellenbach - AP)
Sales of new single-family houses increased 3.3 percent in April from a 332,000-unit pace in March, according to estimates released jointly Wednesday by the U.S. Census Bureau and the Department of Housing and Urban Development. The April rate was a seasonally adjusted 343,000, which is 9.9 percent higher than the April 2011 estimate of 312,000.

The median sales price of new houses sold in April 2012 was $235,700, which is 4.9 percent higher than the $224,700 level this time last year. The seasonally adjusted estimate of new houses for sale at the end of April was 146,000, which represents a supply of 5.1 months at the current sales rate.

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By  |  11:34 AM ET, 05/23/2012

 
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