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US March new home sales 1021K vs 885K expected

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US March 2021 new home sales data

  • Prior was 775K
  • Sales +20.7% m/m
  • Median price $330,800 vs $328,200 a year earlier
  • Average sale price $397,800
  • New home supply 3.6 months at this pace vs 4.4m prior

This number represented a big jump after winter weather slow home shopping in February. The largest jumps were in the south (+40.2%) and midwest (+30.7%), which dovetails with the areas hit by winter storms.

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