New Home Sales Declined 16.6% in April

Washington, DC, May 24, 2022-Sales of new single‐family houses in April 2022 were at a seasonally adjusted annual rate of 591,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development, 16.6% below the revised March rate of 709,000 and is 26.9% below the April 2021 estimate of 809,000.

The median sales price of new houses sold in April 2022 was $450,600. The average sales price was $570,300.

The seasonally‐adjusted estimate of new houses for sale at the end of April was 444,000. This represents a supply of 9.0 months at the current sales rate.