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.
CONTRACTOR SUPPLY MAGAZINE
The December 2024/January 2025 of Contractor Supply magazine is here!
Our cover story, A Diamond on the Rough, visits the family-owned Esch Construction Supply. Based in St. Paul, Minnesota, the company sells and services anything that will cut, grind, drill or polish concrete.
Also in this issue are a 2024 STAFDA show report and Industry Updates on Abrasives Discs and Wheels; Grinders and Sanders; Cold Weather PPE and Heaters; Jobsite Lighting and Ladders, Lifts and Scaffolds.
This digital edition, sponsored by BECK AMERICA Inc., is fully searchable and contains live links to every advertiser and new product listing. Click away!
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