New Single-Family Home Sales Down 8.6% in March

The U.S. Government is reporting that sales of new single-family houses in March, 2022 were at a seasonally adjusted annual rate of 763k, which is 8.6% lower than February’s revised rate and is 12.6% lower than one year ago. The median sales price of new houses sold in September was $436,700 with an average sales price of $523,900. There were an estimated 407k new houses for sale at the end of March representing a 6.4-month supply at the current sales rate. Continue reading HERE...