Search
 

New Home Sales Increase

An improved economy and a desire of consumers to take advantage of a tax credit for first-time homebuyers combined to cause new home sales to increase 14.8% last month.

By Claude R. Marx | Updated on May 25, 2010

An improved economy and a desire of consumers to take advantage of a tax credit for first-time homebuyers that expired at the end of last month combined to cause new home sales to increase 14.8% last month, the Departments of Commerce and Housing and Urban Development reported today.

In April, sales were at an adjusted annual rate of 504,000, compared to 411,000 in March. It’s the second consecutive monthly increase following four consecutive monthly declines. Last month’s sales were 47.8% higher than those of April 2009. Last month, the median sales price of new homes was $198,400, compared with $214,000 in March. The average sales price was $249,500, compared with $258,600 in March.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2024 ALM Global, LLC. All Rights Reserved.