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New home sales rise 2.3 percent in April

Posted By Amanda Bayhi On May 30, 2013 @ 12:18 pm In Aggbeat Online,News | No Comments

newhome [1]New home sales rose 2.3 percent over March in April to a seasonally-adjusted rate of 454,000, the highest it’s been since the summer of 2008, our sister site, Equipment World, reported [2].

Though new home sales increased 29 percent year-over-year in April, economists consider 700,000 to be a healthy level. Economists originally predicted the new home sales rate in April to land at 425,000.

The median price of all homes sold in April was $271,600–8.3 percent higher than in March and 13.1 percent higher than in April 2012.

According to a report from the Wall Street Journal [3], home prices have risen 10.9 percent, the largest increase in seven years.

Despite such increases, home prices are still 28 percent below their 2006 high.

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[1] Image: http://www.aggman.com/files/2013/05/newhome.jpg

[2] Equipment World, reported: http://www.equipmentworld.com/u-s-new-home-sales-rise-home-prices-jump-to-highest-level-in-7-years/

[3] a report from the Wall Street Journal: http://online.wsj.com/article/SB10001424127887324809804578510931769289110?mg=reno64-wsj.html?dsk=y

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