- March New Home Sales: +20.7% M/M to K vs. 887K expected and 846K prior (revised from 775K).
- +66.8% Y/Y.
- Median sales price was $330.8K, down from $349.4K in February. Average sales price was $397.8K in March vs. $416K in the prior month.
- The seasonally adjusted estimate of new houses for sale at th end of March was 307K, representing a supply of 3.6 months at the current sales rate.
- Recall that in February, new home sales fell 18% M/M as severe winter storms swept across Texas.
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Friday, April 23, 2021
New home sales grind higher than estimate in March after February dip
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