US New Home sales for March 0.682M vs 0.650M estimate

Prior month 0.587M New Home Sales Summary – March 2026 Sales Activity March 2026 new single-family home sales: 682,000 seasonally-adjusted annual rate Up 7.4% from February 2026 (635,000) versus -17.4 last month Up 3.3% from March 2025 (660,000) February 2026 sales of 635,000 were up 8.9% from January 2026 (583,000) For Sale Inventory & Months' Supply End of March inventory: 481,000 homes for sale Down 0.4% from February 2026 (483,000) Down 4.6% from March 2025 (504,000) Months' supply: 8.5 months at current sales rate Down 6.6% from February 2026 (9.1 months) Down 7.6% from March 2025 (9.2 months) Sales Prices Median sales price: $387,400 Down 5.3% from February 2026 ($409,000) Down 6.2% from March 2025 ($412,900) Average sales price: $503,100 Down 3.4% from February 2026 ($521,000) Down 1.2% from March 2025 ($509,200) Key Takeaways Sales volume is trending upward month-over-month and year-over-year Inventory is tightening, with fewer homes available than a year ago Prices are declining both monthly and annually, suggesting some softening in new home pricing This article was written by Greg Michalowski at investinglive.com.