April 2007 New Home Sales Up Over March, Down 10.6 Percent Year Over Year
It looks like April was a bit of a wash. Sales of new homes were up 16 percent over a very disappointing March which is good news. But comparing year over year sales for April, 2007 was down 10.6 percent. These numbers have a high degree of error so they should be treated as estimates, but still not the new that home builders were looking for.
Sales of new one-family houses in April 2007 were at a seasonally adjusted annual rate of 981,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 16.2 percent (±13.0%) above the revised March rate of 844,000, but is 10.6 percent (±11.8%)below the April 2006 estimate of 1,097,000.
The median sales price of new houses sold in April 2007 was $229,100; the average sales price was $299,100. The seasonally adjusted estimate of new houses for sale at the end of April was 538,000. This represents a supply of 6.5 months at the current sales rate.Census Bureau
Very funny comparison. However you don't need to pay property tax on Barbies 3 Story Dream House. With the unemployment ...
My wife has actually decided to study for and get her real eatate licence just so we dont ever have ...
I like your analogy in this article. The real estate economy really is like a patient who you cannot ...
Real Estate is hyper-local. Every market is different. Phoenix has already hit bottom and is starting to recover. We have ...
Great to hear that the big boys
are predicting recovery sooner than
most think.
Thanks for the value! 
I agree--good analogy. You have to crawl before you can walk. Right now, at least in Austin, many people would ...
I live in the Philippines and I am glad we are not on the lists... 
I have a few Litograghs of Presidents homes , made by Richard V. Sebring. yr. 1990 Do they have any ...
Comment by Sheri Barry on 25 May 2007:
I live and work in the South East and I noticed it as well, that the April Market was slow. I will keep my fingers crossed for the summer months.
Comment by Sheri Barry on 25 May 2007:
OH and great article btw.