On Tuesday of this week, the U.S. Department of Commerce released its report on sales of newly-constructed single-family homes for the month of April. This Forbes article highlights the results, including a 6.8% increase in new home sales for the month, and an impressive 26% year-over-year jump.
What a difference a month – and a change in weather – can make: after plunging 11.4% in March, new home sales rebounded in April, rising nearly 7% in the first full month of spring and jumping 26% over sales reported in April of last year.
Sales of newly-constructed single-family homes reached an annual rate of 517,000 in April, and grew 26% over the 410,000 rate reported for April of 2014.
The Commerce Department report also revealed that the median sales price of new homes sold in April 2015 was $297,300, while the average sales price was $341,500.
