It’s official. England has a new heir and it’s a boy!

Announced the traditional way, on an easel outside Buckingham Palace, and spread over the world's airwaves, the Duke and Duchess of Cambridge, William and Catherine, now have a son.

The baby boy was born at 4:24 p.m., weighing 8 pounds, 6 ounces. But his name has yet to be revealed. The world awaits that revelation and the moment when the royal couple steps out of St. Mary’s Hospital with their little prince.

“There might be a moment before that when William comes out to speak to us,” CNN’s Max Foster says from outside the hospital. “That's unconfirmed so far. There is a plan in place if he decides to do that.”

Foster says the family will likely come out after the standard checkups and the mother and baby are discharged as well as when they are ready to go and face the cameras.

In fact, there was a four-hour delay between the birth and the announcement, which is longer than the media was expecting, Foster says.

“That was essentially bonding time with just the three of them spending time together, getting to know each other.”

The public is also anxious to get to know the newest royal and have been celebrating his birth ever since the announcement was made.

“There's a small crowd right now outside Buckingham Palace. They’re here to see that royal baby notice still posted on the easels in the gates of the palace forecourts,” CNN’s Erin McLaughlin reports.

“There was a party here last night. People were dancing. They were singing. They were toasting the future king.’

Follow along at CNN.com for complete coverage on the royal baby.