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New Home Sales in March 2020 at annual rate of 627,000
New Home Sales
Sales of new single‐family houses in March 2020 were at a seasonally adjusted annual rate of 627,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 15.4 percent (±14.8 percent) below the revised February rate of 741,000 and is 9.5 percent (±14.6 percent)* below the March 2019 estimate of 693,000.
The median sales price of new houses sold in March 2020 was $321,400. The average sales price was $375,300.
For Sale Inventory and Months’ Supply
The seasonally‐adjusted estimate of new houses for sale at the end of March was 333,000. This represents a supply of 6.4 months at the current sales rate.
Posted: April 23, 2020 Thursday 10:00 AM