April New Single-Family Home Sales Rise

The US Census Bureau and the US Department of Housing and Urban Development (HUD) reported this week that new single-family home sales in April rose 2.3% over March sales and are 29% greater than April 2012. “The median sales price of new houses sold in April 2013 was $271,600; the average sales price was $330,800.” The number of new homes for sale in April was 156,000 units, down from 153,000 units in March. With the current pace of sales, the Census Bureau and HUD state that the number of units for sale represents a 4.1 month supply. http://1.usa.gov/10tP2Rv

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