Sales of new single-family homes soared 6.4% to a 433,000 seasonally adjusted annual rate in April, according to data released by the Commerce Department Friday.
The increase came after a revised 6.9% slide to a 407,000 rate in March, originally reported as a 14.5% drop to 384,000. Thomson Reuters' poll of economists had predicted a 421000 sales level for April.
Sales of new homes were 4.2% below the 452,000 rate in April 2013, Commerce said.
The supply of new homes at the current sales rate slid to 5.3 months from 5.6 months in March.
At the end of April, the number of new homes on the market was up to 192,000 from 191,000.
The unadjusted average price of a new single-family home dipped to $320,100 from $326,700.
Meanwhile, the unadjusted median price fell to $275,800 from $281,700 in the previous month.
Sales rose in two of the four regions of the country in the month and fell in one.
Sales in the Northeast plunged 26.7% to 22,000 from 30,000. Sales in the South were up 3.1% to 235,000 from 228,000, sales in the West held at 92,000 homes sold and Midwest sales surged 47.4% to 84,000 from 57,000.
