New homes sales gain in April; March revised upward

|By:, SA News Editor

New single-family home sales of 433K in April were 6.4% above the revised March rate of 407K (originally reported as just 384K), but 4.2% lower than a year ago. The confidence (or lack thereof) level on any one month of reading is plus or minus 15.9%.

The median sales price of $275.8K is down 1.3% Y/Y.

The supply of homes on the market is 5.3 months at the current sales rate, down from 5.6 months in March.

Full report

ITB +1.1%, XHB +0.9%