Get new home sales to United States in April

 New-home sales represent only a small proportion of the United States us new home sales rose for the second straight month in April in the real estate market, climbing by 7.3% on the previous monthfigures show.

April sales came in at a seasonally adjusted annual rate of 323,000 homes, said the Ministry of trade, which was higher that analysts had forecast.

But sales are still at historically low levels and April figure was 23.1% less than that of April 2010.

In February 2011, new home sales are down to a rate of 278,000, lowest since the beginning of the records in 1963.

Improvement of best that anticipated in April reported a slight recovery in the construction sector depressed.

Low recovery

However, in terms of turnover, sales represent only a small part of the US housing market.

Sales of houses owned before unexpectedly fell by 0.8% in April to an annual rate of 5.05 million, the National Association of Realtors, said last week.

Overproduction of used houses and a large inventory of foreclosed properties are undermining a recovery in the market of housing, analysts say.

Despite historically low mortgage rates and low prices, potential buyers also face high unemployment and a weak economic recovery.

"Although the overall figure has moved sharply on a month to month basis, which reflects in part the impact of difficult weather conditions in months earlier, the bottom line is that the new home market continues to bounce off the bottom"said Omair Sharif to RBS securities in Connecticut.