Keeping you up to date on the latest data releases.
- New Home Sales
Sales of new single-family homes recovered in March, improving 11.1 percent to a seasonally adjusted annual rate of 300,000. March’s increase follows an upwardly revised decline of 13.5 percent in February. On a year-over-year basis, sales of single-family homes were down 21.9 percent in March, representing eleven consecutive months of declines. Sales of new single-family homes improved in the Northeast, Midwest, and West regions increasing 66.7 percent, 12.9 percent, and 25.9 percent, respectively. Sales in the South declined 0.6 percent following an increase of 1.2 percent increase in February. The median sales price improved 2.9 percent to 213,800,following an upwardly revised February decline of 13.1 percent. The number of single-family homes for sale stood at 182,000, representing 6.3 months of supply at the current sales pace.