New-home sales rose in March

New-home sales rose 4.5 percent from February to March and are up 3 percent year-over-year to a seasonally adjusted rate off 692,000, according to data from the U.S. Census Bureau and Housing and Urban Development.

Nationwide, 344,000 new homes were listed for sale, a modest rise from 336,000 in February. The median sales price of a new home was $302,700.

Courtesy of U.S. Census Bureau.

Such numbers reveal trends that have been unrolling throughout most of this year — amid inventory turnarounds and a slowdown in home value growth, more people are slowly beginning to buy homes. At the same time, existing-home sales dropped by 4.9 percent after a major surge during the previous month.

Email Veronika Bondarenko

Article image credited to Radovan1/Shutterstock.com.

New-home sales rose in March curated from Inman

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