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Sunday, May 26, 2019
HomeNewsEconomyNew Home Sales Easily Beat Forecasts in March at 692K

New Home Sales Easily Beat Forecasts in March at 692K

An exchange showing one hand giving cash to the another for new house and keys, a vector illustration for new home sales. (Photo: AdobeStock)
An exchange showing one hand giving cash to the another for new house and keys, a vector illustration for new home sales. (Photo: AdobeStock)
An exchange showing one hand giving cash to the another for new house and keys, a vector illustration for new home sales. (Photo: AdobeStock)

New home sales rose 4.5% (±17.6%) to a seasonally adjusted annual rate of 692,000 in March, easily beating the high end of the forecast range. The figure for March is 3.0% (±11.4%) above the March 2018 estimate of 672,000.


PriorRevisedConsensusRangeActual
New Home Sales – SAAR667K662K645K630K to 660K692K

The median sales price of new houses sold in March 2019 was $302,700. The average sales price was $376,000. 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.

Written by
Data Journalism Editor

Rich, the People's Pundit, is the Data Journalism Editor at PPD and Director of the PPD Election Projection Model. He is also the Director of Big Data Poll, and author of "Our Virtuous Republic: The Forgotten Clause in the American Social Contract."

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    New homes sell for $302,700 .. where?

    And what about used homes? Hows the overall housing market? Housing subsequently leads to a number of sub sector contractors and Jobs.. price of gas effects the workers, and meterials used. 302 thousand dollar plus “Homes” that also includes the Property, so the homes are made Less.

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