ABA Banking Journal
No Result
View All Result
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive
SUBSCRIBE
ABA Banking Journal
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive
No Result
View All Result
No Result
View All Result
Home Economy

New Home Sales Surged in April

May 24, 2016
Reading Time: 1 min read

New single-family home sales rose to a seasonally adjusted annual rate of 619,000 in April, according to the U.S. Census Bureau and the Department of Housing and Urban Development. The April rate is 16.6% above the revised March rate of 531,000 and is the highest level in eight years.

Sales were mixed across regions, rising 52.8% in the Northeast, 18.8% in the West and 15.8% in the South. Sales fell in the Midwest, dropping by 4.8% during the month.

The median price of a new home was $321,100, up 7.8% from March. The average price was $379,800, up 7.3% from the previous month.

At the end of April, there was an estimated supply of 4.7 months at the current sales rate, down from a 5.5 month supply in March.

Read the Census/HUD release.

Tags: New home sales
ShareTweetPin

Related Posts

Appeals court upholds Fed decision to deny crypto firm master account

Appeals court upholds Fed decision to deny crypto firm master account

Legal
October 31, 2025

A federal appeals court ruled that the Federal Reserve is not obligated to grant a master account to a cryptocurrency firm, as the move would “impair the Fed’s ability to safeguard our nation’s financial system.”

ABA DataBank: Candy prices outpace headline inflation

ABA DataBank: Candy prices outpace headline inflation

Economy
October 31, 2025

A multitude of factors have caused costs to rise and manufacturers have been forced to raise retail prices.

Poll: Small business owners optimistic about the future

Survey: Small-business owners generally happy with their banks

Commercial Lending
October 31, 2025

Small-business owners are feeling positive about their businesses and the broader economy, and that goodwill is translating into satisfaction with their primary banks, according to a new survey by J.D. Power.

5 FedNow®  Service Developments You May Have Missed

5 FedNow® Service Developments You May Have Missed

Economy
October 31, 2025

SPONSORED CONTENT by Federal Reserve Financial Services The Federal Reserve has made several announcements this fall about key developments on the FedNow Service. Whether your bank or credit union is already participating in the FedNow Service or you’re...

Sen. Tillis proposes legislation to address debanking

Sen. Tillis proposes legislation to address debanking

Compliance and Risk
October 30, 2025

Sen. Thom Tillis (R-N.C.) released a discussion draft of proposed legislation to address alleged debanking by banks and banking regulators by creating a national standard for account access and establishing new watchdog mechanisms for banking agencies.

Republican lawmakers urge Trump officials to preserve CDFI Fund

ABA, associations urge lawmakers to end government shutdown

Newsbytes
October 30, 2025

ABA joined 15 associations representing a wide range of industries in urging lawmakers to end the government shutdown, noting that it is imposing “real, escalating costs” on the U.S. economy.

NEWSBYTES

Appeals court upholds Fed decision to deny crypto firm master account

October 31, 2025

ABA DataBank: Candy prices outpace headline inflation

October 31, 2025

Survey: Small-business owners generally happy with their banks

October 31, 2025

SPONSORED CONTENT

5 FedNow®  Service Developments You May Have Missed

5 FedNow® Service Developments You May Have Missed

October 31, 2025

Cash, Security, and Resilience in a Digital-First Economy

October 20, 2025
Rethinking Outsourcing: The Value of Tech-Enabled, Strategic Growth Partnerships

Rethinking Outsourcing: The Value of Tech-Enabled, Strategic Growth Partnerships

October 1, 2025
What good looks like in Small Business Lending – and how to get there

What good looks like in Small Business Lending – and how to get there

October 1, 2025

PODCASTS

Podcast: Why branches are top priority for PNC

October 23, 2025

Podcast: From tractors to drones, how farming tech affects ag lending

October 16, 2025

Podcast: Bigger data boosts financial inclusion at Synchrony

October 9, 2025

American Bankers Association
1333 New Hampshire Ave NW
Washington, DC 20036
1-800-BANKERS (800-226-5377)
www.aba.com
About ABA
Privacy Policy
Contact ABA

ABA Banking Journal
About ABA Banking Journal
Media Kit
Advertising
Subscribe

© 2025 American Bankers Association. All rights reserved.

No Result
View All Result
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive

© 2025 American Bankers Association. All rights reserved.