U.S. HOME SALES ROSE 7.6 PCT IN APRIL
Sales of new, single-family homes rose
7.6 pct in April from March to a seasonally adjusted annual
rate of 777,000 units, the Commerce Department said.
    The department revised March sales to show a 2.7 pct
decrease from the previous month to 722,000 units instead of
the previously reported 3.6 pct drop in March.
    The April increase brought home sales 12.0 pct below the
April, 1986, level of 883,000 units.
    The April increase brought home sales to the highest level
since last April's 883,000 units.
    The Commerce Department said that before seasonal
adjustment, the number of homes actually sold in April was
76,000, up from 71,000 in March but down from 84,000 in April,
1986.
    The average price was 118,800 dlrs in April, down from
121,200 dlrs in March but up from 110,300 dlrs a year ago.
    The median price was unchanged from March at 99,000 dlrs
but up from 92,500 dlrs in April, 1986, the department said.
 Reuter
