sell: New-Home Sales Surge in Northeast
- 05/30/08 03:10 AM
Sales of new homes were up 3.3 percent in April, the first increase in six months, according to the U.S. Commerce Department's monthly report.The rebound reflected a 41.7 percent surge in demand in the Northeast. Sales were up 8.3 percent in the West and 5.8 percent in the Midwest. They fell by 2.4 percent in the South.The inventory of unsold new homes was down slightly to 10.6 months' supply at the April sales pace, compared with 11.1 months in March.The increase brought sales to a seasonally adjusted annual rate of 526,000.The median price of new homes sold in April fell to (1 comments)
Earlier this evening I had a converstion with some clients about different regions. I did see this and told them about the DC Metro area and it's walkability. So I'd like to submit this to the rest in case there were compairing. A Brookings Institution researcher says after the advent of the shopping mall, developers forgot how to build great cities, but that's changing as urban areas again strive to be walkable."For 50 years we had this collective amnesia about how to build great places," says Christopher B. Leinberger, a real estate developer and visiting fellow at Brookings.Leinberger quantified the walkability trend (4 comments)