Research >> Economics
New Home Sales in March 2021 at annual rate of 1,021,000
New Home Sales
Sales of new single-family houses in March 2021 were at a seasonally adjusted annual rate of 1,021,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 20.7 percent (±23.7 percent)* above the revised February rate of 846,000 and is 66.8 percent (±36.7 percent) above the March 2020 estimate of 612,000.
Sales Price
The median sales price of new houses sold in March 2021 was $330,800. The average sales price was $397,800.
For Sale Inventory and Months’ Supply
The seasonally-adjusted estimate of new houses for sale at the end of March was 307,000. This represents a supply of 3.6 months at the current sales rate.
Posted: April 23, 2021 Friday 10:00 AM