New Home Sales Hit 2-Year High

According to estimates from the U.S. Census Bureau and the Department of Housing and Urban Development, sales of new single-family homes surged in April. Boosted by the expiring tax credits, sales soared 47.8 percent above last year’s level and 14.8 percent above March. April’s numbers exceeded economists’ expectations and marked the second straight month of gains. Also, the median price for a new home dropped 9.7 percent from March to $198,400, the lowest since December 2003. More here and here.

Filed under: Uncategorized, Housing Market, New Home Sales, News, Real-Estate, Sales, Tax Credit, Trends

New-Home Sales Surge In March

In March, sales of new single-family homes were up 26.9 percent over February’s rate, according to estimates released by the U.S. Census Bureau and the Department of Housing and Urban Development. The jump was the largest monthly increase in 47 years and is 23.8 percent above last year’s estimate. Also, the median sales price of new homes was $214,000 with an average price of $258,600. More here and here.

Filed under: Uncategorized, Housing Market, New Home Sales, News, Prices, Real-Estate