Following is the text of the new home sales report from the Commerce Department.
Sales of new single-family houses in April 2012 were at a seasonally adjusted annual rate of 343,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 3.3 percent (±12.3%)* above the revised March rate of 332,000 and is 9.9 percent (±14.7%)* above the April 2011 estimate of 312,000.
The median sales price of new houses sold in April 2012 was $235,700; the average sales price was $282,600. The seasonally adjusted estimate of new houses for sale at the end of April was 146,000. This represents a supply of 5.1 months at the current sales rate.
New Residential Sales data for May 2012 will be released on Monday, June 25, 2012, at 10:00 A.M. EDT.
SOURCE: U.S. Commerce Department. http://www.census.gov/newhomesales
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