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New home sales surge 6.8 percent in April

Sales trend 26 percent above April 2014 rate; average price: $341,500. 


Sales of new single-family houses in April 2015 were at a seasonally adjusted annual rate of 517,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development.

This is 6.8 percent (±15.8%)* above the revised March rate of 484,000 and is 26.1 percent (±15.4%) above the April 2014 estimate of 410,000.

The median sales price of new houses sold in April 2015 was $297,300; the average sales price was $341,500. The seasonally adjusted estimate of new houses for sale at the end of April was 205,000. This represents a supply of 4.8 months at the current sales rate.

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