New-Home Sales Slightly Slip

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New-Home Sales Slightly Slip

April new-home sales slightly slipped, down 1.5 percent to 662,000, according to the Commerce Department. The average new-home sales price was $407,300, while the median was $312,400. New-home listing inventory was 300,000, representing 5.4-months supply.

“Even with this minor dip, new-home sales continue to trend upward and reflect builders’ overall <a target=_blank …read more