April New-Home Sales Up 0.3% to 352,000 Pace

Sales of newly built U.S. single-family homes rose slightly in April, a Commerce Dept. report showed on Thursday.

From CB: Sales…in April 2009 were at a seasonally adjusted annual rate of 352,000, according to estimates released jointly…by the U.S. Census Bureau and the Department of Housing and Urban Development.

This is 0.3 percent (±14.5%)* above the revised March rate of 351,000, but is 34.0 percent (±11.0%) below the April 2008 estimate of 533,000.

The median sales price of new houses sold in April 2009 was $209,700; the average sales price was $254,000.

There were 297,000 new homes for sale at the end of April, down 4.2% from 310,000 in March, representing a supply of 10.1 months at the current sales rate.

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