Keeping you up to date on the latest data releases.
- New Home Sales
Sales of new single-family homes continued to recover in April, increasing 7.3 percent to a seasonally adjusted annual rate of 323,000. April’s improvement follows an upwardly revised increase 8.3 percent in March. On a year-over-year basis, sales of single family homes were down 23.1 percent in April, representing twelve consecutive months of declines. Sales of single-family homes improved in all four regions with sales in the West improving the most, increasing 15.1 percent. Sales in the Northeast, Midwest, and South increased 7.7 percent, 4.9 percent, and 4.3 percent respectively. The median sales price of single-family homes improved for the first time since December of 2010, increasing 1.6 percent, following an upwardly revised March decline 1.5 percent. The number of single-family homes for sale declined 3.9 percent to 174,000, representing the 6.5 months of supply at the current sales rate.