April New Home Sales Up 12 Percent From 2017

Despite falling 1.5 percent from March, April's new home sales are up 11.6 percent over April 2017.

The large gap is due to the particularly weak number of new housing sales in April 2017, but reporting from Zillow Research still puts last month’s home sales 8.6 percent over the past year’s 12-month trailing moving average. 662,000 units were sold last month.

In addition, for-sale inventory was up 0.7 percent in April, making it the first month since 2009 to hit 300,000 units.

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