New-home sales climb nearly 11%, but figures may be ‘overestimated’

The sales of newly built single -family homes increased in April, pointing out the continuous duration of the buyer’s commitment the season of purchase of spring housing, the latest data from the US Census Office suggest. The new residential sales increased 10.9 percent from March to a seasonally adjusted rate or 743,000 units. That is also an impulse of 3.3 percent during April 2024 or 719,000 units.