April new home sales despite flooding woes, poor weather

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Tags: real estate, housing market, home prices, housing, existing home sales, pending home sales, new home sales, mortgages, interest rates Devon Thorsby is the real estate editor at U.S. News & World Report, where she writes consumer-focused articles about the homebuying and selling process, home improvement, tenant rights and the state of the.

New-home sales rose 6.2% in October off a nice increase in September, although the latter was revised downward by 3.3%. The September and October gains in new-home sales are mostly a reversal of depressed home sales levels seen in July and August, when a series of hurricanes pummeled the Southeast and kept potential homebuyers out of the market.

Brian Goodwin is greeted at the dugout by Mike Trout of the Angels after hitting a solo home run in the eighth inning of the game against the Blue Jays at Angel Stadium of Anaheim on April 30 in..

As prices go up, existing home sales are on track to hit the highest sales pace since 2006, a new forecast from the National Association of Realtors shows. However, the housing market will still face various headwinds, including lack of economic growth, which could hold back the sales pace.

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 · Here is a chart of New Home Sales through April: Click on graph for larger image. As Berson noted, 2006 is on track to be the third strongest year ever behind 2005 and 2004. New Home Sales are off 11.2% YTD compared to 2005. Berson’s numbers are slightly different because he includes Existing Home Sales.

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