New Home Sales Increase to 683,000 Annual Rate in March

Likely New Home Sales will be up YoY in Mid-2023

The Census Bureau reports New Home Sales in March were at a seasonally adjusted annual rate (SAAR) of 683 thousand.

The previous three months were revised down slightly, combined.

Sales of new single‐family houses in March 2023 were at a seasonally adjusted annual rate of 683,000, according to estimates released jointly today by the U.S. Census Bureau and…