Sales of New Single-Family Homes Tumble Month-Over-Month & Year-Over-Year in April

The U.S. Census Bureau and the Department of Housing and Urban Development jointly announced on Tuesday (5-24-22) that new residential single-family home sales for April 2022 were at a seasonally adjusted annual rate (SAAR) of 591,000, according to estimates. This is -16.6% below the revised March rate of 709,000 and is -26.9% below the April 2021 estimate of 809,000. This marks the fourth consecutive monthly decline of new single-family homes.

The median sales price of new houses sold in April was $450,600. The average sales price was $570,300.

The SAAR estimate of new houses for sale at the end of April was 444,000. This represents a supply of 9.0 months at the current sales rate.


FEA compiles the Wood Markets News from various 3rd party sources to provide readers with the latest news impacting forest product markets. Opinions or views expressed in these articles do not necessarily represent those of FEA.
Original Source:
MONTHLY NEW RESIDENTIAL SALES, APRIL 2022