New U.S. home sales reach peak for year

New home sales inched upward nationwide to a seasonally adjusted annual rate of 323,000 in April 2011, the highest level achieved this year, according to a report released today by the Department of Commerce. In the trailing 12 months, only December 2010, when many expected the first-time homebuyer tax credit to expire, experienced more new home sales, with 331,000.

New U.S. home sales reach peak for year
New home sales inched upward nationwide to a seasonally adjusted annual rate of 323,000 in April 2011, the highest level achieved this year, according to a report released today by the Department of Commerce. In the trailing 12 months, only December 2010, when many expected the first-time homebuyer tax credit to expire, experienced more new home sales, with 331,000.

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