Things are looking good for 2011:
Sales of new single-family homes rose 7.3% in April from a month earlier, easily topping most analyst estimates.
Sales of new single-family homes rose 7.3% in April from a month earlier, easily topping most analyst estimates.
The Commerce Department said the seasonally adjusted rate of 323,000 units last month was up from 301,000 for March, which was revised upward slightly. April new home sales were down 23.1% from 420,000 a year earlier.
The median sales price of new homes sold in April was $217,900, up 4.6% from March.
Jerry Howard, chief executive officer of the National Association of Home Builders, believes the housing market is still “bouncing along the bottom.”
He said on Fox News Tuesday morning that prices, as well as home sales, can only go up from here.
~Courtesy of JASON PHILYAW via Housing Wire