Sales rise, prices fall
According to USA TODAY, sales of new homes rose 16.2% in April while prices fell a record 11%.
New single-family housing unit sales increased to annual rate of 981,000 from a revised forecast of 844,000 in March according to the US Commerce Department.
The jump in sales was the largest since April of 1993.
While sales increased, the median price of a new home dipped some $28,500 to $229,100.
