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.
|New Home Sales – SAAR||667K||662K||645K||630K to 660K||692K|
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.