New-Home Prices Soar, Creating Urgency
Buying a HomeLast month the median price for new homes hit a record high and home sales soared, boosting the new-home sector’s recovery, according to figures released from the U.S. Census Bureau Thursday. The median price of a new home sold in April was $271,600, which was 8.3 percent higher than the previous month and 13.1 percent higher than one year ago, the Census Bureau reported. “While the cost of constructing homes is rising due to tightened supplies of materials, lots, and labor, to some extent, this may be creating greater urgency […]
