New Homes Sales beyond expectations!

Luxury Home Kitchen.New home sales beat most analyst expectations rising 6.8 percent. However, despite the increase, April sales did not erase the 11.4 percent drop in new home sales reported in March.

On a non-seasonally adjusted basis sales of new homes nationwide these were estimated at 49,000 units, were the South counted for more than half of those sales.

The average sales price was $341,500, up from $325,100 one year earlier.

Are we there yet?

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