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New Home Sales Drop 8.6%, Falls In Line
United States Of America – New Home Sales data from The United States Census Bureau and the United States Department of Housing and Urban Development jointly issued the following March 2022 residential sales statistics:
Sales of New Homes
According to projections provided today by the U.S. Census Bureau and the Department of Housing and Urban Development, sales of new single family dwellings in March 2022 will be at a seasonally adjusted annual rate of 763,000.
New Home Sales Facts
- 8.6 percent less than the revised February rate of 835,000
- 12.6 percent less than the March 2021 forecast of 873,000
- Mean sales price of a single family home was $436,000.00 with a average sales price of $523,900.00
- Seasonally‐adjusted estimate of new homes for sale March ending was 407,000. This amount of homes available shows a supply of 6.4 months at the current sales rate.