New Home Sales in United States registered an increase during April, while house prices reached record levels. It became obvious that US real estate sector is in process of improvement, as home sales rose significantly during spring period.
New Home Sales indicator was up by 2.3% during April to seasonally adjusted 454 000 units, second highest value since July 2008. This data exceeded expectations, which showed an increase to 426 000. Average price per home was 271 600 US dollars, a 14.9% increase in annual terms and what is more, this was the highest price ever recorded since 1963, the year statistics began as a whole.
Last month 156 000 new homes were available for sale, highest figure since November 2011. All this data confirmed that confidence in US construction segment rose.
It also became clear, that house prices rose during March, as US House Price Index (HPI) was up by 1.3%.
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