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March New Home Sales: Little Completed Inventory, High Number of Homes Under Construction

March New Home Sales: Little Completed Inventory, High Number of Homes Under Construction

New Home Sales decrease to 763,000 Annual Rate in March

CalculatedRisk by Bill McBride's avatar
CalculatedRisk by Bill McBride
Apr 26, 2022
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CalculatedRisk Newsletter
CalculatedRisk Newsletter
March New Home Sales: Little Completed Inventory, High Number of Homes Under Construction
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The Census Bureau reports New Home Sales in March were at a seasonally adjusted annual rate (SAAR) of 763 thousand.

The previous three months were revised up sharply.

Sales of new single‐family houses in March 2022 were at a seasonally adjusted annual rate of 763,000, according to estimates released jointly today by the U.S. Census Bureau and the Departme…

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