US new home sales down 0.6 percent in April

Tuesday, 26 May 2020 20:03:39 (GMT+3)   |   San Diego

Sales of new single-family houses in April 2020 were at a seasonally adjusted annual rate of 623,000, according to estimates released jointly today by the US Census Bureau and the Department of Housing and Urban Development. This is 0.6 percent (±14.9 percent) above the revised March rate of 619,000, but is 6.2 percent (±17.1 percent) below the April 2019 estimate of 664,000.

The median sales price of new houses sold in April 2020 was $309,900. The average sales price was $364,500. 

The seasonally-adjusted estimate of new houses for sale at the end of April was 325,000.  This represents a supply of 6.3 months at the current sales rate.

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