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New Home Sales Rise in April

New home sales rose 3.3% in April versus the previous month, and the median and average sales prices both also posted significant gains the Commerce Department reported on Tuesday (May 27).It was the first month-to-month rise in six months.

In April, new homes sold at a seasonally adjusted rate of 526,000, according to a joint report from the Department of Housing and Urban Development and the U.S. Census Bureau. The rate was up from 509,000 homes in March but well below the sales rate in April 2007 of some 907,000 homes.

In the Northeast, some 34,000 homes were sold in April compared to approximately 24,000 in March.

Read the joint Commerce Department/Census Bureau report here

Read the Yahoo Finance report here.




	Headline News New Home Sales Rise in April New home sales rose 3.3% in April versus the previous month, and the median and average sales prices both also posted significant gains the Commerce Department reported on Tuesday (May 27).It was the first month-to-month rise in six months. In April, new homes sold at a seasonally adjusted rate of 526,000, according to a joint report from the Department of Housing and Urban Development and the U.S. Census Bureau. The rate was up from 509,000 homes in March but well below the sales rate in April 2007 of some 907,000 homes. In the Northeast, some 34,000 homes were sold in April compared to approximately 24,000 in March. Read the joint Commerce Department/Census Bureau report here Read the Yahoo Finance report here.