Sales of new US homes rose unexpectedly in April, according to official figures published Wednesday, as Americans rushed to take advantage of expiring tax breaks.
Sales of newly constructed single-family homes increased 14.8 percent in one month, well beyond market expectations.
The rise came in the dwindling days of the government's homebuyer tax credit, which expired at the end of April.
The policy was designed to help the US real estate market recover from a crippling recession that has seen house prices slump and mortgage borrowing become more difficult.
Analysts had expected sales of around 425,000, versus the whopping 504,000 posted.
The rate for March was revised up to 439,000, from 411,000
Niciun comentariu:
Trimiteți un comentariu