April's New Home Sales Fell from March But Rose 7.0% YOY

Washington, DC, May 23, 2019-Sales of new single‐family houses in April 2019 were at a seasonally adjusted annual rate of 673,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development. 

This is 6.9% below the revised March rate of 723,000 but is 7.0% above the April 2018 estimate of 629,000.

The median sales price of new houses sold in April 2019 was $342,200. The average sales price was $393,700.

The seasonally‐adjusted estimate of new houses for sale at the end of April was 332,000. This represents a supply of 5.9 months at the current sales rate.