Economy USA

U.S. New Home Sales Increased

Washington – Americans bought more new homes in April, another sign that the housing market in the United States continues to improve.
According to the U.S. Commerce Department, sales of new homes rose 3.3% in April compared to March, reaching a seasonally adjusted and annualized number of 343,000.Sales increased in all regions of the country except the South. The median price rose to U.S. $ 235,700, a slight increase compared to March. Even with the gains in April, the pace of new home sales remain well below the 700,000 annual sales that economistsassociate with a healthy market. Still, the gains across the country suggest that the market could eventually rebound, nearly five years after the bursting of the housing bubble.

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