HUD and Census Bureau Report New Residential Sales in April 2021

home constructionImage by Paul Brennan

WASHINGTON, D.C. — The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly announced the following new residential sales statistics for April 2021:

hud numbers

New Home Sales

Sales of new single-family houses in April 2021 were at a seasonally adjusted annual rate of 863,000. This is 5.9 percent (±11.2 percent)* below the revised March rate of 917,000 and is 48.3 percent (±24.5 percent)* above the April 2020 estimate of 582, 000.

Sales Price

The median sales price of new houses sold in April 2021 was $372,400. The average sales price was $435,400.

For Sale Inventory and Months’ Supply

The seasonally adjusted estimate of new houses for sale at the end of April was 316,000. This represents a supply of 4.4 months at the current sales rate.

READ:  President Biden’s Global COVID-⁠19 Summit: Ending the Pandemic and Building Back Better

Read more about new residential sales activity here.

Thanks for visiting! MyChesCo brings reliable information and resources to Chester County, Pennsylvania. Please consider supporting us in our efforts. Your generous donation will help us continue this work and keep it free of charge. Show your support today by clicking here and becoming a patron.