New home sales and prices on the rise in April

dennis-norman-st-louis-realtor-real-estate-new-home-salesToday, the U.S. Department of Housing and Urban Development and U.S. Census Bureau released new home sales data for April 2012 showing an increase of 3.3 percent from the month before, and an increase of 9.9 percent from a year ago. The seasonally-adjusted new home sales rate for April was 343,000 homes, up from a revised rate of 332,000 homes the month before. The supply of new homes on the market decreased to a 5.1 month supply from a revised 5.2 months the month before. The median new home price increased slightly to $235,700 from a revised median price of $234,000 the month before and increased 4.4 percentfrom a year ago when the median new home price was $224,700.

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New Home Sales in Midwest drop 7.6 percent in July; All other regions saw increase for July

Dennis Norman

Dennis Norman

This morning the U.S. Department of Commerce released a report showing the sale of New Homes here in the Midwest region in July were at a seasonally adjusted annual rate of 61,000 units, a 7.6 percent decrease from Junes annual rate of 66,000 units. The U.S. as a whole saw a 9.6 percent increase in new home sales in July over the month before with the Midwest beign the only region not to show an increase for the month.

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New home sales in the Midwest for July 2009 lag 4.7 percent behind July 2008 new home sales which is better than the 13.4 percent decline from a year ago for new home sales in the US as a whole.

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