New Home Sales Down 6.9% in April

New Home Sales Down 5.3% in June Average and median prices also fall. Sales of new single-family houses in June dropped 5.3% to a seasonally adjusted annual rate of 631,000, according to estimates.

New home sales down 0.6% in February 10:00 AM ET Fri, 23 March 2018 CNBC’s Rick Santelli and Diana Olick report the latest read on new home sales and median home prices.

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New single-family home sales are 9.3% above the 1963 start of this data series. The population-adjusted version is 37.6% below the first 1963 sales and at a level similar to the lows we saw during the double-dip recession in the early 1980s, a time when 30-year mortgage rates peaked at 18.63%.

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This page provides national and regional data on the number of new single-family houses sold and for sale. It also provides national data on median and average prices, the number of houses sold and for sale by stage of construction, and other statistics.

This morning’s release of the April New Home Sales from the Census Bureau came in at 673K, down 6.9% month-over-month from a revised 723K in March.

This morning’s release of the April New Home Sales from the Census Bureau came in at 662K, down 1.5% month-over-month from a revised 672K in March. The Investing.com forecast was for 680K.

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The median price of a new home was $312,400, down 6.9% from March. The average price was $407,300. At the end of April, the seasonally adjusted estimated supply at the current sales rate decreased from 5.4 months to 5.3.

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Sales of new single-family houses in the United States dropped 6.9 percent from the previous month to a seasonally adjusted annual rate of 673 thousand in April 2019, from a revised 11-1/2-year high in March, while markets had forecast a 2.8 percent fall to 675 thousand.

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Following the disappointment in existing home sales (down YoY for 14 months straight), the recent spike in new home sales was expected to slide 2.5% MoM in April, but instead it crashed back to reality, plunging 6.9% MoM (after an upward revision for M.

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