.comment-link {margin-left:.6em;}


Economic Data (USA)

Thursday, April 23, 2020

New Home Sales During March 2020

The March 2020 New Home Sales report was released by the Commerce Department this morning:

Predicted: 643,000
Actual New Home Sales: 627,000


  • Change from One Month Previous: -114,000 units (-15.385%)

  • Change from One Year Previous: -66,000 units (-9.524%)


Median Price for a New Home
during March 2020: $321,400


Average Price for a New Home
during March 2020: $375,300


Inventory: 333,000 (6.4 months supply at current sales rate; seasonally‐adjusted.)




Compiled jointly by the U.S. Commerce Department and the U.S. Department of Housing and Urban Development, the yellow-highlighted figure above is the seasonally adjusted and annualized number of newly-built homes with committed buyers for the indicated month.

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

The New Home Sales report is watched by economists and investors because it offers insight into the state of the U.S. housing market, and also provides data that can be used to predict sales of large household furniture and appliances like refrigerators, air conditioners, microwave ovens, etc.



Labels: , , , ,

--> www.FedPrimeRate.com Privacy Policy <--



Post a Comment

<< Home



Entire Website © 2024 FedPrimeRate.comSM

This website is neither affiliated nor associated with The United States Federal Reserve
in any way. Information in this website is provided for educational purposes only. The owners
of this website make no warranties with respect to any and all content contained within this
website. Consult a financial professional before making important decisions related to any
investment or loan product, including, but not limited to, business loans, personal loans,
education loans, first or second mortgages, credit cards, car loans or any type of insurance.