Sales of new single-family houses in April 2010 showed a 47.8% increase above the April 2009 estimate.

This positive news is per a May 26, 2010 U.S. Census Bureau report from the U.S. Department of Housing and Urban Development, authored by Erica Filipek and/or Stephen Cooper, Manufacturing and Construction Division.

According to the Census Bureau’s statistics, this represents a 14.8% increase in sales above the revised March annual projected rate of 439,000 up to 504,000 adjusted annual projected sales.  The figures in either the HUD reports or in the NAHB (National Association of Home Builders) reports need to be looked at carefully, especially the footnotes. (more…)