WASHINGTON, DC — Indicating that consumer demand for new single-family homes remains positive and stable following a healthy first quarter, the U.S. Department of Commerce has reported that April new-home sales rose 1% from March to a seasonally adjusted annual rate of 915,000 units. The gain was reported simultaneously with substantial upward revisions to new-home sales figures for January, February, and March.

“This report is consistent with our latest builder surveys, which indicate that home buyers are still out there in force after a strong first quarter which now appears to have been even stronger than we thought,” said Gary Garczynski, president of the National Association of Home Builders (NAHB). The average sales rate for all of the first quarter was revised upward from 879,000 units to 903,000 units.

Garczynski attributed the housing sector’s strength so far this year primarily to low interest rates, positive house price movements, and unseasonably mild weather conditions. “Moreover, the current interest-rate environment remains quite favorable, with long-term mortgage rates recently down to as low as 6.8 percent and one-year adjustables around 4.8 percent.”