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US new home sales pick up in April

by ChemOrbis Editorial Team - content@chemorbis.com
  • 26/05/2015 (17:54)
New home sales in the US picked up in April, according to data released by the US Commerce Department. New home sales rose 6.8% to 517,000 units on a seasonally adjusted basis, beating economists’ initial estimates, which called for an increase of 6% to 510,000 units in a survey conducted by the Wall Street Journal.

New home sales in the Northeast declined 5.6% while sales surged 36.8% in the Midwest. New home sales fell 5.8% in South, but rose 2.3% in the West.
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