Here, new home sales in April were a more modest 30,000, according to the Commerce Department. That’s actually lower than the three previous months.
It’s no surprise new home sales are not high in the Northeast. The region is heavily developed and most states are only experiencing a slow growth in population.
And the highest numbers for new home sales in April in the Northeast, at least since the colonial days, were seen between 1986 and 1988, when more than 100,000 new homes were sold.
Still, the Northeast new home sales are tracking much better than a year ago, showing a 12 percent improvement. And existing sales have improved of late.
Nationally, new home sales hit 454,000 in April of this. The only month that’s been better than that since 2008 came in January, Commerce figures said.