April New Home Sales Fell From March, But Rose 11.6% YOY

Washington, DC, May 23, 2018-Sales of new single-family houses in April 2018 were at a seasonally adjusted annual rate of 662,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development.

This is 1.5% below the revised March rate of 672,000 but is 11.6% above the April 2017 estimate of 593,000.

The median sales price of new houses sold in April 2018 was $312,400. The average sales price was $407,300.

The seasonally-adjusted estimate of new houses for sale at the end of April was 300,000. This represents a supply of 5.4 months at the current sales rate.