April new home sales at 4-month high

WASHINGTON (Reuters) – New U.S. single-family home sales rose unexpectedly in April to notch their second straight month of gains and prices increased, according to a government report on Tuesday that offered some hope for the stagnant housing market.

The Commerce Department said sales increased 7.3 percent to a seasonally adjusted 323,000 unit annual rate, the highest level since December, from a slightly upwardly revised 301,000-unit pace in March.

Economists polled by Reuters had forecast new home sales unchanged at a previously reported 300,000-unit rate. All four regions recorded gains in sales, with the West reporting a 15.1 percent rise.

However, compared to April last year sales were down 23.1 percent.

An oversupply of used houses and a relentless wave of foreclosed properties are curbing the market for new homes, even as builders are keeping lean inventories. There were a record low 175,000 new homes available for sale last month, down 2.8 percent from the prior month.

Data last week showed a steep drop in new home construction in April and a dip in sales of previously owned homes.

The Commerce Department report the median sales price for a new home rose 1.6 percent last month to $217,900. Compared with April last year, the median price increased 4.6 percent.

At April’s sales pace, the supply of new homes on the market dropped to 6.5 months’ worth, the lowest since April last year, from 7.2 months’ worth in March.

One Response

  1. Sagar
    June 11, 2011 at 10:08 pm | | Reply

    This has made my day. I wish all ponsitgs were this good.

  2. Peterdique
    April 15, 2019 at 6:52 pm | | Reply

    Your comment is awaiting moderation.

    Incredible a lot of helpful information!
    http://canadianpharmaciescubarx.com/
    buying prescription drugs canada
    northwest pharmacy
    discount pharmaceuticals
    canadian cialis

  3. ScottSouro
    April 15, 2019 at 7:39 pm | | Reply

    Your comment is awaiting moderation.

    Many thanks. Wonderful stuff!
    http://canadianpharmaciesnnm.com/
    canadian pharmacy
    canadian online pharmacies
    buy drugs online
    canada drugs online

  4. Patrickgic
    April 15, 2019 at 7:43 pm | | Reply

    Your comment is awaiting moderation.

    This is nicely put. !
    http://canadianpharmaciesnnm.com/
    discount pharmacy
    north west pharmacy canada
    canada drugs online
    canadian viagra

  5. Peterdique
    April 15, 2019 at 8:21 pm | | Reply

    Your comment is awaiting moderation.

    Cheers. An abundance of write ups.

    http://canadianpharmacyntx.com/
    pharmacy online store
    canada pharmacy
    pharmacy prices
    canada pharmacy

  6. Patrickgic
    April 15, 2019 at 9:13 pm | | Reply

    Your comment is awaiting moderation.

    Seriously a good deal of helpful material!
    http://canadianpharmaciescubarx.com/
    prescription drugs prices
    canadian pharmacies without an rx
    king pharmacy
    canada pharmacy

  7. ScottSouro
    April 15, 2019 at 10:38 pm | | Reply

    Your comment is awaiting moderation.

    You have made your point!
    http://talahicc.com/
    pharmacy cost comparison
    trust pharmacy canada
    pharmacy drug store
    canadian pharmacies-24h

  8. Peterdique
    April 15, 2019 at 11:19 pm | | Reply

    Your comment is awaiting moderation.

    Regards, Ample material!

    http://canadianonlinepharmacynnm.com/
    canada pharmacy online no script
    top rated canadian pharmacies online
    discount pharmacy
    top rated canadian pharmacies online

  9. ScottSouro
    April 16, 2019 at 12:06 am | | Reply

    Your comment is awaiting moderation.

    Whoa quite a lot of superb information.
    http://talahicc.com/
    drugs from canada
    north west pharmacy canada
    prescription cost comparison
    canada pharmaceutical online ordering

  10. Patrickgic
    April 16, 2019 at 12:08 am | | Reply

    Your comment is awaiting moderation.

    You’ve made your position quite effectively..
    http://canadianpharmacysilo.com/
    best price prescription drugs
    canadian pharmacy
    canadian cialis
    online pharmacies canada

  11. Peterdique
    April 16, 2019 at 12:46 am | | Reply

    Your comment is awaiting moderation.

    You said it perfectly..
    http://canadianpharmaciescubarx.com/
    buy online prescription drugs
    aarp approved canadian online pharmacies
    canadian pharmacies
    canada drugs

  12. ScottSouro
    April 16, 2019 at 1:33 am | | Reply

    Your comment is awaiting moderation.

    Amazing write ups, Many thanks!
    http://canadianpharmacymim.com/
    canadian pharmacy no prescription
    canadianpharmacy
    canadian drugs
    canadian cialis

  13. Patrickgic
    April 16, 2019 at 1:35 am | | Reply

    Your comment is awaiting moderation.

    You actually expressed this very well.
    http://talahicc.com/
    canadian pharmacy no prescription needed
    canadian pharmacies-24h
    canada drugs
    canadian pharmacy online

  14. ScottSouro
    April 16, 2019 at 4:31 am | | Reply

    Your comment is awaiting moderation.

    Terrific postings, Cheers!
    http://talahicc.com/
    online canadian pharmacies
    northwest pharmacy
    canadian pharmacy no prescription needed
    northwestpharmacy

  15. ScottSouro
    April 16, 2019 at 5:59 am | | Reply

    Your comment is awaiting moderation.

    Cheers. Fantastic information.
    http://www.canadianpharmacymsn.com/
    online canadian discount pharmacy
    canadian pharmacy online
    prescription cost
    northwestpharmacy

  16. Patrickgic
    April 16, 2019 at 6:08 am | | Reply

    Your comment is awaiting moderation.

    You have made your stand very nicely!.
    http://talahicc.com/
    pharmacies near me
    aarp approved canadian online pharmacies
    rx price comparison
    canadian pharmacies without an rx

  17. ScottSouro
    April 16, 2019 at 7:28 am | | Reply

    Your comment is awaiting moderation.

    You made the point.
    http://talahicc.com/
    no prescription pharmacy
    canada drugs
    pharmacy cost comparison
    canadian viagra

  18. Patrickgic
    April 16, 2019 at 7:29 am | | Reply

    Your comment is awaiting moderation.

    Wonderful content. Appreciate it.
    https://nicktambone.com/
    mexican pharmacies
    canadianpharmacy
    pharmacy cost comparison
    canadian pharmaceuticals online

  19. Patrickgic
    April 16, 2019 at 10:28 am | | Reply

    Your comment is awaiting moderation.

    Nicely put, Thank you.
    http://canadianpharmacyntx.com/
    legitimate canadian mail order pharmacies
    global pharmacy canada
    online pharmacy reviews
    canada drug

  20. ScottSouro
    April 16, 2019 at 10:29 am | | Reply

    Your comment is awaiting moderation.

    You actually expressed it wonderfully.
    http://canadianpharmacymim.com/
    my canadian pharmacy
    canadian pharmacies
    best canadian mail order pharmacies
    aarp approved canadian online pharmacies

  21. Peterdique
    April 16, 2019 at 11:09 am | | Reply

    Your comment is awaiting moderation.

    Seriously loads of awesome tips!
    http://canadianpharmacymim.com/
    canada drugs online
    canadian online pharmacies
    canadian drugs without prescription
    canadian online pharmacy

  22. Patrickgic
    April 16, 2019 at 11:58 am | | Reply

    Your comment is awaiting moderation.

    Thanks a lot. I appreciate this.
    http://canadianpharmaciesnnm.com/
    no prescription online pharmacy
    canada online pharmacies
    most reliable canadian pharmacies
    canadian pharmaceuticals online

  23. ScottSouro
    April 16, 2019 at 12:08 pm | | Reply

    Your comment is awaiting moderation.

    Nicely spoken truly. .
    http://canadianpharmaciescubarx.com/
    best online international pharmacies
    canada drug
    pharmacy tech
    global pharmacy canada

  24. Patrickgic
    April 16, 2019 at 1:29 pm | | Reply

    Your comment is awaiting moderation.

    You actually reported this effectively.
    http://canadianpharmaciesnnm.com
    drug costs
    canada drugs
    discount pharmacy
    canadian pharmacy

  25. ScottSouro
    April 16, 2019 at 1:31 pm | | Reply

    Your comment is awaiting moderation.

    Regards. Terrific information.
    http://canadianpharmacymim.com
    canadian drugs without prescription
    canada drugs online
    canada online pharmacy
    north west pharmacy canada

Leave a Reply