US sales of new one-family houses in April 2011 were at a
seasonally adjusted annual rate of 323,000. This is 7.3% above the revised March
rate of 301,000, but is 23.1% below the April 2010 estimate of 420,000.
Today's estimates were jointly released today by the US Census
Bureau and the Department of Housing and Urban Development
The median sales price of new houses sold in April 2011 was
$217,900 compared with $208,300 a year earlier; the average sales price was
$268,900. The median price for an existing home in the US is $163,700, the
latest data show.
The seasonally adjusted estimate of new houses for sale at the
end of April was 175,000. This represents a supply of 6.5 months at the current
Last week we reported that
privately-owned housing starts in April were at a seasonally adjusted annual
rate of 523,000. This was 10.6% below the revised March estimate of 585 000 and
is 23 9% below the revised April 2010 rate of 687 000.
starts in April were at a rate of 394,000; this was 5.1% below the revised March
figure of 415,000. The April rate for units in buildings with five units or more