Research >> Economics
New Home Sales in April at annual rate of 569,000
Sales of new single-family houses in April 2017 were at a seasonally adjusted annual rate of 569,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 11.4 percent (±10.5 percent) below the revised March rate of 642,000, but is 0.5 percent (±11.3 percent)* above the April 2016 estimate of 566,000.
The median sales price of new houses sold in April 2017 was $309,200. The average sales price was $368,300. The seasonally-adjusted estimate of new houses for sale at the end of April was 268,000. This represents a supply of 5.7 months at the current sales rate.
Posted: May 23, 2017 Tuesday 10:00 AM