(MENAFN) According to the U.S. Commerce Department, new home sales were saved from inevitable decline last month due to lower prices, Xinhua reported.
Sales of new single-family homes increased 6.4 percent in April, on an annual rate of 433,000, compared with an upwardly revised annual pace of 407,000 in March.
The new houses sales was projected 192,000 units at the end of April, which represented a supply of 5.3 months at the current sales rate, a lower level compared to that at the end of March.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.