Tuesday, May 24, 2016

New Home Sales: April 2016

Today, the U.S. Census Department released its monthly New Residential Home Sales Report for April showing a notable increase with sales jumping 16.6% from March climbing 23.8% above the level seen in April 2015 but still remaining near an historically low level with 619K SAAR units.

The monthly supply decreased to 4.7 months while the median selling price increased 9.7% and the average selling price increased 13.47% from the year ago level.

The following chart show the extent of sales decline to date (click for full-larger version).

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