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- U.S. new home sales surged better than expected
U.S. new home sales surged better than expected
The U.S.
Census Bureau released the new home sales figures on Friday. The U.S. new home
sales increased 6.4% in April to a seasonally adjusted annual rate of 433,000
units. March's figure was revised up to 407,000 from 384,000. Analysts had
expected a gain to 425,000.
Sales of
new homes declined 4.2% over the past 12 months.
The median
sales price declined 2.1% during the past month to $275,800.
These
figures could be a sign that the U.S. housing market gained strength.
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