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NEW-HOME SALES ROSE IN APRIL

Good news reported in NAHB’s Monday Morning Briefing today…

http://eyeonhousing.files.wordpress.com/2013/05/blog-housing-sales-2013_05..jpg
Sales of newly built, single-family homes rose 2.3% to a seasonally adjusted
annual rate of 454,000 units in April, according to figures released by HUD and
the U.S. Census Bureau on May 24. That gain was actually more impressive than
it might have sounded, because it built on a strong upward revision to sales
numbers reported for the previous month. On a regional basis, sales were up 3%
in the South and 10.8% in the West, but down 4.8% in the Midwest and 16.7% in
the Northeast in April.

Meanwhile, the inventory of new homes for sale edged up
to a still-thin 156,000 units, which was a 4.1-month supply at the current
sales pace. Commenting on the numbers, NAHB Senior Economist Robert Denk called
the report “further evidence of the gradual, consistent improvement we
have been seeing in housing market conditions over the past year. Read our  press release http://www.nahb.org/news_details.aspx?newsID=16324
or view the  government’s official report http://www.census.gov/construction/nrs/pdf/newressales.pdf
online for details. Contact:  MondayMorningQuestions@nahb.org
.

About HBA of Delaware

HBA/DE has been an integral part of the growth and economic development of the State of Delaware since 1947. HBA/DE was founded as a non-profit state affiliate of the National Association of Home Builders (NAHB) representing home builders and other businesses directly related to Delaware's Home Building Industry. Consisting of Builders, Remodelers and a group of diversified associate members, the Home Builders Association of Delaware strives to protect and preserve housing as a symbol of America. www.hbade.org

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