Sales of newly-built single-family houses occurred at a seasonally-adjusted annual rate of 623,000,
the government reported Tuesday.
That was 0.6% above the revised pace of 619,000 in March. Compared with the previous year, however, new home sales were down 6.2% in April.
Analysts polled by MarketWatch had forecast new-home sales to occur at a seasonally-adjusted annual rate of 480,000 in April. Because of the small sample size used to produce to new-home sales report, it is prone to significant revisions.
What happened: The Northeast experienced the largest increase between March and April in new home sales, with an 8.7% uptick. New home sales rose 2.4% in both the Midwest and South, but fell 6.3% in the West.
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