New Home Sales in Midwest During April Increase 20 Percent From Year Ago

New home sales here in the midwest region of the U.S. occurred in April at an adjusted annual rate of 78,000 homes, an increase of 36.8 percent from the month before when new home sales activity was at the rate of 57,000 homes per year and an increase of 20 percent from April 2014 when new homes were selling at the rate of 65,000 homes a year, according to data just released by the U.S. Census Bureau and HUD.

New home inventory is down…

According to the report, in April 2015, there was a 4.8 month supply of new homes for sale in the U.S., a decline of 5.9% from the month before and a decline of 14.3% from a year ago when there was a 5.6 month supply.

New home sales prices increased over 8%…

The median price of new homes sold in the U.S. during April 2015 was $297,300, an increase of 8.3% from a year ago when the median price was $274,500.


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