The seasonally adjusted annual pace of new single-family home sales in the U.S. rose to 343,000 in April, up 3.3 percent from a revised rate of 332,000 in March and 9.9 percent above the 312,000 pace recorded in April 2011.
Preliminary U.S. new home sales (versus pace) in April were estimated to be 33,000 (give or take 8 percent), up 1,000 sales from March, the third slowest March on record since 1963. April sales peaked in 2005 with 116,000 new homes sold.
In the West, the pace of new home sales was up 12.8 percent year-over-year to 88,000 in April, up 27.5 percent versus the month before.
UPDATE: Annual new home sales in the U.S. have averaged 671,000 since 1963, peaking at 1,283,000 in 2005, bottoming at 306,000 last year.
∙ New Residential Sales: April 2012 [census.gov]
∙ New Residential Sales Since 1963 [census.gov]