Posted by
alfredlester on Tuesday, May 24, 2011 11:18:31 AM
WASHINGTON (AFP) - Sales of new homes In The United States For the second consecutive Increased month in April, crawling out of a record bottom Earlier this year, official data showed Tuesday.
The Commerce Department Reported That dirty pink to year Annual rate of 323.000, Increase of 7.3 percent annually from March.
The reading WAS solidly Stronger Than The Average analyst estimate of year Annual rate of 300.000 homes.
New-home sales in February HAD fallen to a rate of 278.000, hitting all-time low year For the data series started "in 1963.
The better-than-expected improvement in April signals a slight pickup depressed In The Construction sector.
However, in terms of real estate sales, IT is only a small portion of the U.S. housing market business card templates.
Sales of Previously owned homes Unexpectedly Fell in April, by 0.8 percent from March, to year Annual rate of 5.05 million, the National Association of Realtors last week Said.
Despite historic lows Mortgage Rates at rock-bottom and Home Prices In The depressed housing market, would-be Homebuyers face a weak High Unemployment and Economic Recovery.
Sales of new homes in April down 23.1 percent from Were April 2010, while existing-home sales HAD fallen 9.12 percent from the Year-ago period ", When The Market Boosted by WAS The Government&&9;s temporary homebuyer tax credit program.
U.S. new home sales rise for second month