May
24
U.S. New-Home Sales Surge to Highest Level in Eight Years
ByPurchases of new homes in the U.S. surged in April to the highest level since the start of 2008, pointing to a robust spring selling season for builders, Commerce Department figures showed Tuesday.
Key Points
- Rose 16.6 percent to 619,000 annualized rate (forecast was 523,000)
- Monthly increase was biggest since 1992, while pace was strongest since January 2008
- Median selling price jumped 9.7 percent to a record $321,100
- Number of homes sold but not yet under construction climbed to 209,000, the highest since May 2007…
U.S. New-Home Sales Surge to Highest Level in Eight Years
