New-home sales up 17% in April

New-home sales rose 17 percent in April, compared with March, snapping a three-month slump, Central Bureau of Statistics reported.

By EINAT PAZ-FRANKEL
May 29, 2012 22:12
1 minute read.
Hillside homes of Yemin Moshe

Hillside homes of Yemin Moshe 311. (photo credit: Lyle Plocher )

New-home sales rose 17 percent in April, compared with March, snapping a three-month slump, the Central Bureau of Statistics reported Tuesday. New-home sales rose to 1,868 homes in April from 1,438 in March, despite the Passover holiday.

New-home sales were unchanged compared with April 2011.

Be the first to know - Join our Facebook page.


The largest increase in new-home sales in April was in the Tel Aviv area, where they doubled from March to 291 homes. New-home sales rose 77% in the Jerusalem area, 17% in the North and 11% in the South. New-home sales were unchanged at 660 in the central region and fell 20% in the Haifa area.

Seventy-four percent of new-home sales in the January- April period were in the central region. New-home sales in the Tel Aviv area were down 29% in January- April compared with the corresponding months of 2011, fell 16% in the Haifa area and rose 42% in the Jerusalem area.

Demand for new homes rose 15% in April, compared with March, to 3,014 homes, but was down 6% compared with April last year.

The housing inventory rose 35% in April to 20,653 homes; 45% of the inventory is in the central region, and 4% is in the North. The housing inventory is sufficient for 13 months at the average rate of sales over the preceding three months.


Related Content

The Teva Pharmaceutical Industries
April 30, 2015
Teva doubles down on Mylan, despite rejection

By GLOBES, NIV ELIS

Israel Weather
  • 15 - 23
    Beer Sheva
    17 - 21
    Tel Aviv - Yafo
  • 12 - 18
    Jerusalem
    15 - 21
    Haifa
  • 19 - 27
    Elat
    16 - 27
    Tiberias