WASHINGTON — New home sales increased 7.3% in April to a 323,000-unit seasonally adjusted annual rate from 301,000 last month, the Commerce Department reported Tuesday.
The median forecast of economists was for 300,000 sales.
April sales were still down 23.1% from April 2010. The median sales price in April was $217,900, up 1.6% from the previous month.
There were a record low 175,000 new homes for sale at the end of the month, a 6.5-month supply.
The new-issue calendar is led by Washington with $1.3 billion of GOs selling by competitive bid in three series.
A trio of current and former Alaska lawmakers presented views differing from the governor's on how to solve the state's budget red ink.
Kutak Rock warns tax attorneys about the Internal Revenue Service doing compliance checks as opposed to formal audits on certain multifamily bond issues as tax season is expected to add more stress to an understaffed agency.
The rating agency cited weak operating results and high leverage.
Piper Sandler will price $100 million of electric revenue bonds for Iowa public utility Muscatine Power and Water on Wednesday.
Longer-term bonds could ease financial pressure for Sound Transit's $54 billion long-range plans.
