Housing Market Surges in April
Good news for the already positive housing market! New home sales rose more than expected in April, reaching a seasonally adjusted annual rate of 517,000 units (up 6.8%). Sales in March were also adjusted up, from 481,000 to 484,000 units. This increase was driven by the Midwest, where sales reached a seven-year high after rising 36.8%.
Another encouraging sign was that the median price for a new home increased 8.3% from this time last year to $297,300. This gain in home equity is seen as a positive omen for consumer spending.
Source: New home sales, prices rise strongly in April
- Cheryl Bourland's blog
- Login or register to post comments
Google+
Information Deemed Reliable but Not Guaranteed. CENTURY 21 H.S.V. Realty is licensed in the state of Arkansas. CENTURY 21 and the CENTURY 21 Logo are registered service marks owned by Century 21 Real Estate LLC. H.S.V. Realty, Inc. fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each franchise is independently owned and operated. Any services or products provided by independently owned and operated franchisees are not provided by, affiliated with or related to Century 21 Real Estate LLC nor any of its affiliated companies.