US Home Sales up 2 Percent in April

Sales of new U.S. homes edged up in April to the second-highest post-recession level, as pent-up demand, low interest rates and tight inventories of older homes lift demand. New home sales reached a seasonally adjusted annual rate of 454,000, up 2.3% from an upwardly revised level of 444,000 in March, the Commerce Department said Thursday. Economists polled by MarketWatch expected an improvement to 430,000 from an initially reported 417,000. April’s gain represents a 29% improvement from the same period of 2012. Median prices jumped 15% year-on-year to $271,600, a record level. At the end of April, there were 155,000 new homes for sale, the Commerce Department estimates, representing 4 months of supply at current sales rates

via MarketWatch

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza