U.S. Census Bureau: Monthly New Residential Sales, April 2024

Special notice: Beginning with this release, the sales price range groups in Table 2, “New Privately-Owned Houses Sold, by Sales Price” have been updated to better reflect the current distribution of new home prices. New price groupings have also been introduced in our time series file “New Houses Sold and For Sale by Price Range”. Data between January 2020 and March 2024 have been re-calculated incorporating any additional data and revisions received since initial publication and re-released in the new price groupings. Data from 2002-2019 have been archived in a time series file with the former price groupings. In addition, data in the “Quarterly Sales by Price and Financing”, the price index for “Quarterly Single-Family Houses Sold” and all tables containing historical median and average sales price data have been revised between January 2020 and March 2024.

Notice of Revision: With this release, seasonally adjusted estimates of housing units sold, housing units for sale, and the months’ supply of new housing have been revised back to January 2019. All revised estimates are available on our website.

The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential sales statistics for April 2024:

New Home Sales

Sales of new single-family houses in April 2024 were at a seasonally adjusted annual rate of 634,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 4.7 percent (±12.0 percent)* below the revised March rate of 665,000 and is 7.7 percent (±13.2 percent)* below the April 2023 estimate of 687,000.

Sales Price

The median sales price of new houses sold in April 2024 was $433,500. The average sales price was $505,700.

For Sale Inventory and Months’ Supply

The seasonally-adjusted estimate of new houses for sale at the end of April was 480,000.  This represents a supply of 9.1 months at the current sales rate.

For the full press release click here.

The May report is scheduled for release on June 26, 2024.  View the full schedule in the Economic Briefing Room: <www.census.gov/economic-indicators/>  .  The full text and tables for this release can be found at <www.census.gov/construction/nrs/>.

Source: U.S. Census Bureau