(04-24-18)

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 2018. New Home Sales: Sales of new single-family houses in March 2018 were at a seasonally adjusted annual rate of 694,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 4.0 percent (±18.6 percent)* above the revised February rate of 667,000 and is 8.8 percent (±17.0 percent)* above the March 2017 estimate of 638,000. Sales Price: The median sales price of new houses sold in March 2018 was $337,200. The average sales price was $369,900. For Sale Inventory and Months’ Supply: The seasonally-adjusted estimate of new houses for sale at the end of March was 301,000. This represents a

supply of 5.2 months at the current sales rate.