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New Home Sales Rise in April, Surprising Experts

Mortgage News > New Home Sales Rise in April, Surprising Experts
Date: 05/26/2020    New Home Sales Rise in April, Surprising Experts

Sales of new U.S. homes actually increased 1% in April amidst coronavirus shutdowns around the country, according to the U.S. Census. While the increase is small compared to previous months, it is hopeful considering housing experts predicted a 22% COVID-19 crisis-related drop in sales. Prices for new homes did fall, however, declining 8.5% to a national median of $309,900. Sales in the lower price ranges picked up while those over $500,000 saw less interest. 

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