New Residential Sales Climb 6.4 Percent in April

Median sales price of a new house was $275,800.

Sales of new single-family houses in April 2014 were at a seasonally adjusted annual rate of 433,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 6.4 percent (±15.9%)* above the revised March rate of 407,000, but is 4.2 percent (±14.2%)* below the April 2013 estimate of 452,000.

The median sales price of new houses sold in April 2014 was $275,800; the average sales price was $320,100. The seasonally adjusted estimate of new houses for sale at the end of April was 192,000.

This represents a supply of 5.3 months at the current sales rate.