New U.S. home sales reach peak for year
New home sales inched upward nationwide to a seasonally adjusted annual rate of 323,000 in April 2011, the highest level achieved this year, according to a report released today by the Department of Commerce. In the trailing 12 months, only December 2010, when many expected the first-time homebuyer tax credit to expire, experienced more new home sales, with 331,000.
New U.S. home sales reach peak for year
May 27, 2011 by
New home sales inched upward nationwide to a seasonally adjusted annual rate of 323,000 in April 2011, the highest level achieved this year, according to a report released today by the Department of Commerce. In the trailing 12 months, only December 2010, when many expected the first-time homebuyer tax credit to expire, experienced more new home sales, with 331,000.