New Home Sales and Prices Rise in April
May 27, 2015

New Home Sales and Prices Rise in April

New home sales rose more than expected in April to a seasonally adjusted annual rate of 517,000 units, a 6.8% improvement over the March number of 484,000 units and above economist estimates of 510,000. Housing supply remains tight at 4.8 months (6 months is considered a balanced market), and median price for a new home rose 8.3% from a year ago to $297,300.

Read More

Previous The Return of the First-Time Buyer
Next Toll Beats on Profits, Misses on Revenues
Tags reuters
Category Housing Market

About author

Michael Anderson
Michael Anderson 249 posts

Over the course of his 30-year career, Michael Anderson has worked in the residential development industry in the Pacific Northwest, Northern California and Southern California. He has acquired residential land in excess of $300M for both land development and homebuilding entities and has overseen the construction of approximately 2500 homes. Currently, in semi-retirement, and based out of Newport Beach, CA, Michael continues to invest in and stay abreast of the land markets.

View all posts by this author →

You might also like

Mixed Signals in the New Home Market
Housing Market

Mixed Signals in the New Home Market

A few recently released data points, indicate that there is continued choppiness in the new home market. Housing starts dropped in February from January’s figure primarily due to inclement weather

Housing Market

Orange County Housing Transitioning From Single-family Homes To High-density Condos

Housing Market

Report Finds Homeownership in California Lowest Since 1940s

While San Francisco is often portrayed as the epicenter of housing unaffordability on the West Coast, the issue is truly pervasive to California as a whole. A draft report from