New Home Sales hit 619,000 in April, versus 520,000 Estimate

New home sales hit 619,000 in April, versus 520,000 estimate

New U.S. single-family home sales surged to a more than eight-year high in April and prices hit a record high, offering further evidence of a pick-up in economic growth early in the second quarter. The Commerce Department said on Tuesday new home sales jumped 16.6 percent to a seasonally adjusted annual rate of 619,000 units, … Read more New Home Sales hit 619,000 in April, versus 520,000 Estimate