US New-Home Sales Pop Despite Rising Mortgage Rates

The median price for new single-family homes declined more than 6 percent to $387,400, a near five-year low.

A for sale sign in Washington on May 19, 2025. Madalina Vasiliu/The Epoch Times

Sales of new single-family homes in the United States surged in February and March, according to new data from the Census Bureau released on May 5.

New home sales, which are counted at the signing of a contract, advanced 7.4 percent in March to an annualized rate of 682,000.