May 27
New home sales in April rose for the first time in
five months, increasing 3.3% to 526k following a downward revision of the
March reading to 509k. The previous month’s reading was previously
reported as 526k, which was the lowest level since October 1991.
Economists had expected a reading of 523k.
The median sales price of new houses sold in April
was $246,100, up from March’s revised median of $225,500. From a year
ago, the median price of new homes has risen…