Keeping you up to date on the latest data releases.
- New Home Sales
New single-family home sales fell 7.1 percent in March to a seasonally-adjusted annual rate of 328,000 units. March’s decline follows steep upward revisions to January’s (revised up 11,000 to 329,000) and February’s (revised up 40,000 to 353,000) new single-family home sales. Compared to March 2011, sales of new single-family homes are up 7.5 percent. Regionally, sales were strongest in the Northeast and South, improving 7.7 percent and 3.1 percent, respectively. Comparatively, sales fell in Midwest and West regions declining 20.0 percent and 27.0 percent, respectively. The median sales price fell 1.0 percent in March to $234,500, while the average sales price rose sharply, improving 8.0 percent to $291,200. Finally, the seasonally-adjusted estimate of new single-family homes for sale fell for the eighth consecutive month, declining 1.4 percent to 144,000 units representing 5.3 months of supply at the current sales rate.