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  • Monthly New Residential Sales, March 2024

    From census.gov Story is in PDF Format

    The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential sales statistics for March 2024. Sales of new single‐family houses in March 2024 were at a seasonally adjusted annual rate of 693,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 8.8 percent (±17.2 percent)* above the revised February rate of 637,000 and is 8.3 percent (±19.5 percent)* above the March 2023 estimate of 640,000. Sales Price The median sales price of new houses sold in March 2024 was ... (full story)

Surprising. housing market showing some signs of hope.
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Aside from the downward Fed revision, much stronger than expected.

693K (seasonally adjusted annual rate) new houses sold in March represents an 8.8% month-over-month increase from the revised February rate of 637K. Compared to March 2023, there is also an 8.3% increase year-over-year.

The median sales price of new houses sold in March was $430,700 and the average sales price was higher at $524,800.

Northeast saw a 27.8% increase from February 2024.

February data was revised down to 637K units from 662K.

West had a minor decrease of -5.7%.
We must learn who is gold, and who is gold plated
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  • Posted: Apr 23, 2024 10:00am
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    Category: Medium Impact Breaking News
    Comments: 2  /  Views: 3,120
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