Research >> Economics
New Home Sales in March at annual rate of 384,000
Sales of new single-family houses in March 2014 were at a seasonally adjusted annual rate of 384,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 14.5 percent (±12.9%) below the revised February rate of 449,000 and is 13.3 percent (±9.9%) below the March 2013 estimate of 443,000.
The median sales price of new houses sold in March 2014 was $290,000; the average sales price was $334,200. The seasonally adjusted estimate of new houses for sale at the end of March was 193,000. This represents a supply of 6.0 months at the current sales rate.
Posted: April 23, 2014 Wednesday 10:00 AM