Keeping you up to date on the latest data releases.
- New Home Sales
The sale of new single-family homes rose 1.5 percent in March and has advanced 18.5 percent since last March to a seasonally-adjusted annualized rate of 417,000 units sold. The Western region posted the largest monthly decline in new homes sales, falling 20.9 percent, while also posting the largest annual increase of 37.5 percent. The median sales price of new single family homes fell 6.8 percent for the month, but rose 3.0 percent annually to $247,000. The inventory of new homes for sale rose 5.5 percent annually to 153,000 units for sale which represents a 4.4 month supply at the current sales pace.