US new home sales rise in April

Last year, Americans bought the fewest number of homes for 47 years

US new home sales rose for the second month in a row in April, climbing 7.3% on the month before, figures show.

April sales came in at a seasonally adjusted annual rate of 323,000 homes, the Commerce Department said, which was stronger than analysts had forecast.

But sales are still at historically low levels and April’s figure was 23.1% below that of April 2010.

In February 2011, new-home sales had fallen to a rate of 278,000, the lowest since records began in 1963.

The better-than-expected improvement in April signals a slight pick-up in the depressed construction sector.


One Response

  1. wow, great information and info keep posting informationf like this i really like it. Webtains

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