By Renae Merle
Thursday, May 27, 2010
New home sales surged last month as home buyers rushed to take advantage of tax credits that have helped lift the housing market, according to government data released Wednesday.
Sales of new single-family homes rose 14.8 percent in April, compared with March, to a seasonally adjusted annual rate of 504,000, according to Commerce Department data. Sales were up 47.8 percent, compared to the same period a year ago. That was a much bigger jump than financial analysts had expected, bringing the sales rate to its highest level in about two years...
No comments:
Post a Comment