U.S. house sales figures are worse than expected

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The Sales of new one-family houses in the U.S. rose by 0.3 percent in April compared with the month before, to an adjusted annual rate of 352,000 units, shows statistics from the Department of Commerce.

Analysts had expected an annual rate of 360,000 units in April, which would mean an increase of 1.1 percent compared with March month provisional figure. March figure was revised to an annual rate 351,000 units (356,000).

 

The availability of new home for sales fell to 297,000 in April compared with the revised 310,000 the previous month (311,000). “House layer” is enough to cover sales in the 10.1 months, compared with the revised 10.6 months the previous month (10.7).

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