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May 24, 2013

New home sales up 2.3%; prices at record levels

  • Sales of new homes in April increased the most in the West, up 10.8 percent.
    • By MARTIN CRUTSINGER
    AP Economics Writer

    WASHINGTON — U.S. sales of new homes rose in April and nearly matched the fastest pace in five years, driving the median price to a record high. The gains suggest the housing recovery is strengthening.

    New-home sales increased 2.3 percent in April from March to a seasonally adjusted annual rate of 454,000, the Commerce Department said Thursday. That's only slightly below January's pace of 458,000, which was the fastest since July 2008.


     
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