U.S. new home sales rose 7.4% month-over-month to 682,000 units in March, while median prices declined 5.3% to $387,400 amid falling inventory levels that now represent an 8.5-month supply at current sales pace, according to Commerce Department data.
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US New Home Sales Rise 7.4% to 682,000 in March
U.S. new home sales rose 7.4% month-over-month to 682,000 units in March, while median prices declined 5.3% to $387,400 amid falling inventory levels that now represent an 8.5-month supply at current sales pace, according to Commerce Department data.