IE Business Daily Business news for the Inland Empire.
Nationwide sales of new single family houses were at a seasonally adjusted rate of 517,000 in April, according to a report released Tuesday by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.
That was a 6.8 percent increase above the March figure of 484,000, a revised figure, and a 15.4 percent increase year-over-year.
On the consumer side of the ledger, the median price of a home sold in April was $297,300, while the average sale price was $341,500.
An estimated 205,000 new houses, seasonally adjusted, were on the market at the end of April. That would be enough to last nearly five months at the current sales rate, according to the data.
The HUD-Census Bureau data is based various sample surveys and are subject to sampling variability and non-sampling error, according to the report.
