New home sales rose 4.5 percent in March
Average selling price was $376,000.
The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential sales statistics for March 2019:
New Home Sales
Sales of new single‐family houses in March 2019 were at a seasonally adjusted annual rate of 692,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development.
This is 4.5 percent (±17.6 percent)* above the revised February rate of 662,000 and is 3.0 percent (±11.4 percent)* above the March 2018 estimate of 672,000.
Sales Price
The median sales price of new houses sold in March 2019 was $302,700. The average sales price was $376,000.
For Sale Inventory and Months’ Supply
The seasonally‐adjusted estimate of new houses for sale at the end of March was 344,000. This represents a supply of 6.0 months at the current sales rate.
CONTRACTOR SUPPLY MAGAZINE
The April/May 2024 issue of Contractor Supply magazine is here!
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Our cover story, Masters of Fasteners, visits Interstate Screw Corp. of metro Miami, which serves the fastening needs of south Florida, the Caribbean and Central and South America.
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