What's Hot: Friendship Heights Food Hall Could Open This Month | Summer Ready With Quick Move-In Homes at Brookland Grove
Five Months in a Row: New Home Sales Rose Again in April
New home sales rose again in April as buyers looked to new construction due to the low inventory of existing homes for sale.
There were 683,000 new home sales in the U.S. in April, according to the U.S. Census Bureau, up 4% from March and 11.8% compared to last April. April marks the fifth month in a row that new home sales have increased.
"While existing home sales are slowing this spring in the wake of high interest rates keeping sellers locked in, new construction homes are picking up speed on a monthly basis," Zillow Senior Economist Nicole Bachaud said. "The backlog of new construction homes from the building boom across 2021 is working its way to the market, offering fresh listings for buyers who are facing more competition on fewer homes."
This article originally published at https://dc.urbanturf.com/articles/blog/five_months_in_a_row_new_home_sales_rose_again_in_april/21054.
Most Popular... This Week • Last 30 Days • Ever

A look at the larger residential developments in the works from Cardozo to Mount Vern... read »

The Heights, a ten-stall food hall that is taking over the spaces formerly occupied b... read »

A piece of legislation quietly introduced in the House of Representatives earlier thi... read »

The backlash over backyard pool rentals; the "housing matchmaker"; and the townhouse ... read »

In this week's edition of Under Contract, we look at a homes that sold in 24 hours, 3... read »
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Visit guides.urbanturf.com or start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro