Today, the
U.S. Census Department released its monthly
New Residential Home Sales Report for April showing sales jumped a notable 6.8% from March rising 26.1% above the level seen in April 2014 but still remaining near an historically low level with 517K SAAR units.
The monthly supply declined to 4.8 months while the median selling price increased 8.31% and the average selling price increased 5.04% from the year ago level.
The following chart show the extent of sales decline to date (click for full-larger version).
