Posted May 25, 2012 by Rogers Healy

Sales of new homes slowly grows

Sales of new homes are showing some signs of life, growing 3.3% month over month to an annualized rate of 343,000 in April, according to a government report released Wednesday.

Sales are still slow compared with the boom years when they reached a rate of closed to 1.4 million, but the month's results were slightly better than expected.  Industry experts had projected a rate of 339,000, according to Briefing.com

One of the most encouraging signs is how the gains are spreading.  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 lease six consecutive months, 100 local housing markets out of 360 covered are now improving markets.  Last September, when the index was launched, there were only 12 places on that list.

If your in the market to buy, sell or rent, now may be the best opportunity!

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