New Home Sales at 6-Month High

Lower mortgage rates last month were cited as a contributing factor.
New Home Sales at 6-Month High
A house for sale in a Brooklyn neighborhood with a limited supply of single family homes in, in New York on March 31, 2021. Spencer Platt/Getty Images
Naveen Athrappully
Updated:
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Sales of new single-family houses in March 2025 were at a seasonally adjusted annual rate of 724,000, a six-month high, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development on April 23.
The sales number was higher than the latest estimate in September 2024. March numbers were higher by 20.5 percent on a monthly basis and 6 percent yearly. A little more than half a million houses were left for sale at the end of March 2025, representing a supply of 8.3 months at the current sales rate.
Naveen Athrappully
Naveen Athrappully
Author
Naveen Athrappully is a news reporter covering business and world events at The Epoch Times.