Newsletter: New Home Sales Increase to 724,000 Annual Rate in March
Today, in the Calculated Risk Real Estate Newsletter: New Home Sales Increase to 724,000 Annual Rate in March Brief excerpt: The Census Bureau reported New Home Sales in March were at a seasonally adjusted annual rate (SAAR) of 724 thousand. The previous three months were revised down, combined. ... The next graph shows new home sales for 2024 and 2025 by month (Seasonally Adjusted Annual Rate). Sales in March 2025 were up 6.0% from March 2024. New home sales, seasonally adjusted, have increased year-over-year in 21 of the last 24 months. This is essentially the opposite of what happened with existing home sales that had been down year-over-year every month for 3+ years (existing home sales have been up year-over-year for the last 4 or the last 5 months). There is much more in the article.
Brief excerpt:
The Census Bureau reported New Home Sales in March were at a seasonally adjusted annual rate (SAAR) of 724 thousand. The previous three months were revised down, combined.There is much more in the article.
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The next graph shows new home sales for 2024 and 2025 by month (Seasonally Adjusted Annual Rate). Sales in March 2025 were up 6.0% from March 2024.
New home sales, seasonally adjusted, have increased year-over-year in 21 of the last 24 months. This is essentially the opposite of what happened with existing home sales that had been down year-over-year every month for 3+ years (existing home sales have been up year-over-year for the last 4 or the last 5 months).