US new home sales down in March

By Tuba Sahin

ANKARA (AA) - New home sales in the US fell month-on-month in March, according to a report released Tuesday by the Census Bureau and the Housing and Urban Development Department.

Sales of new single‐family homes came in at a seasonally adjusted annual rate of 763,000, down 8.5% from the revised February rate of 835,000.

On an annual basis, new home sales were 12.6% below the March 2021 figure of 873,000.

The median price of new houses was $436,700, while the average price was $523,900.