Sales of new homes grew 3.3% to 343,000 in April according to a new government report on Wednesday. The growth is higher than the expected rate by industry experts which would have seen the April increase up to 339,000. The future for all home builders is looking brighter, according to a Zacks Equity Research report. The report stated that average new-home prices increased due a jump in sales in upscale Florida communities where home prices are generally higher. According to the Improving Market Index from the National Association of Home Builders, which identifies metropolitan areas that have shown gains in housing permits, employment and house prices for at least six consecutive months about 36% of the markets covered are now improving. Last September, only 12 out of the total 360 places were on that list.
The sales still pale in comparision to the gaudy numbers put forth during the boom years, however anytime a key economic figure (new home sales) increases at a rate above the projected rate, it is good news. One of the main figures that drives new home sales is employment and labor mobility. When these figures increase and potential home-buyers hav