THE BASIS POINT

New Home Sales up.

 

New Home Sales (April 2014)

– New Home Sales (seasonally adjusted, annualized) 433,000. Previous was 407,000.

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.

The gains were is the South and Mid-west.  North-east was down and West was flat.

 

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