Sales of new homes rose in April to the second highest level since the summer of 2008 while the median price for a new home hit a record high, further signs that housing is recovering.
U.S. sales of new homes rose in March to a seasonally adjusted annual rate of 417,000. The increase added to evidence of a sustained housing recovery at the start of the spring buying season.
U.S. new-home sales jumped in January from the previous month to the highest level since July 2008, a sign that the housing recovery is accelerating.
Sales of new U.S. homes cooled off in December compared with November, but sales for the entire year were the best since 2009.
U.S. builders spent less on construction projects in November, the first decline in eight months, as activity was held back by a big drop in spending on federal projects.
U.S. sales of new homes fell slightly in October and the September sales pace was slower than initially thought.
Confidence among U.S. homebuilders rose this month to its highest level in six and a half years, driven by strong demand for newly built homes and growing optimism that the housing recovery will strengthen next year.
A boost from the gradually recovering housing market helped boost Home Depot’s net income in its fiscal third quarter.
A measure of U.S. home prices jumped 5 percent in September compared with a year ago, the largest year-over-year increase since July 2006. The gain reported by CoreLogic offered more evidence of a sustainable housing recovery.
Published: October 25, 2012
Tags: new home sales
The number of Americans who signed contracts to buy homes rose only slightly, suggesting sales may level off in the coming months after solid gains in the past year.