New single-family home sales leap 16.6 percent in April
Sales rate trends 23.8 percent over April 2015.
Sales of new single-family houses in April 2016 were at a seasonally adjusted annual rate of 619,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development.
This is 16.6 percent (±15.4%) above the revised March rate of 531,000 and is 23.8 percent (±22.8%) above the April 2015 estimate of 500,000.
The median sales price of new houses sold in April 2016 was $321,100; the average sales price was $379,800.
The seasonally adjusted estimate of new houses for sale at the end of April was 243,000. This represents a supply of 4.7 months at the current sales rate.