Housing Sales Remain Strong in Most of the Country.

“May 25 (Bloomberg) -- U.S. new home sales unexpectedly increased in April to a record pace, a sign historically low mortgage rates and job gains keep powering housing. Prices rose, reflecting an increase in purchases of more expensive homes.

Sales rose 0.2 percent to a 1.316 million annual rate during the month, after a 1.313 million in March that was less than initially reported, the Commerce Department said today in Washington. Economists forecast a 1.325 million sales rate in April, according to the median estimate in a Bloomberg News survey.”