US sales of new single‐family houses in April 2023 were at a seasonally adjusted annual rate of 683,000, according to estimates released jointly today by the US Census Bureau and the Department of Housing and Urban Development.
This is 4.1 percent (±11.8 percent) above the revised March rate of 656,000 and is 11.8 percent (±15.1 percent) above the April 2022 estimate of 611,000.
The median sales price of new houses sold in April 2023 was $420,800. The average sales price was $501,000.
The seasonally‐adjusted estimate of new houses for sale at the end of April was 433,000. This represents a supply of 7.6 months at the current sales rate.