March Sees a Significant Uptick in New Home Sales

In a refreshing turn of events, the United States witnessed a 7.4% increase in new single-family home sales this March, soaring to 724,000, as per the latest Census Bureau report. This marks a 6% improvement from the same period last year, showcasing a resilient housing market.

Inventory and Pricing Trends

The end of March saw 503,000 new houses available for sale, a slight 0.6% rise from February and a 7.9% jump year-over-year. This inventory level suggests an 8.3-month supply at the current sales pace. Notably, the median sale price dipped to $403,600, reflecting a 1.9% decrease from February and a 7.5% drop compared to March 2025.