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New Home Sales Rise 7.3% in April

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5/24/2011 10:15:00 AM

New home sales climbed 7.3% in April, two months after falling to a record low in February, the Commerce Department said Tuesday.

Sales rose to an annual rate of 323,000 from a revised 301,000 in March that was higher than the originally reported 300,000 pace.

Economists had forecast the April rate to be 300,000, Bloomberg reported.

The median price gained 4.6% from the same month in 2010.

Sales rose in all four regions, particularly the West, which experienced at 15% jump. 

New home sales account for about 15% of residential real estate sales. Rising home sales can mean more business for flatbed trucking companies that haul building materials and dry van freight carriers that haul household appliances and furniture.

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Truck Tonnage Increases 4.8% in April for 17th Straight Year-Over-Year Gain (5/30/2011 2:15:00 AM)
New Home Sales Rise 7.3% in April (5/24/2011 10:15:00 AM)
New Home Sales Jump 11.1% from Record Low (4/25/2011 10:15:00 AM)
New Home Sales Fall to Lowest Pace on Record (3/23/2011 10:10:00 AM)
New Home Sales Drop 13% in January (2/24/2011 10:15:00 AM)
New Home Sales Gain 18% in December (1/26/2011 10:15:00 AM)

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