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 2018,” said the joint release to the Daily Business News.
New Home Sales
“Sales of new single-family [conventional] houses in April 2018 were at a seasonally adjusted annual rate of 662,000. This is 1.5 percent (±11.8 percent)* below the revised March rate of 672,000 but is 11.6 percent (±23.7 percent)* above the April 2017 estimate of 593,000,” per their statement.
The median sales price of new houses sold in April 2018 was $312,400. The average sales price was $407,300. The trend lines are as shown.
Those prices included the land.
For Sale Inventory and Months’ Supply
“The seasonally adjusted estimate of new houses for sale at the end of April was 300,000. This represents a supply of 5.4 months at the current sales rate,” the two federal agencies said.
The monthly housing report is distinct from the manufactured housing shipments data.
Some of that information is found above and more is linked below. ## (News, analysis, and commentary.)
(Third party images, content are provided under fair use guidelines.)
1) To sign up in seconds for our MH Industry leading emailed news updates, click here.
2) To provide a News Tips and/or Commentary, click the link to the left. Please note if comments are on-or-off the record, thank you.