New home sales drew back in April after more powerful readings in the previous 2 months. According to the most recent Census Bureau and HUD information, sales of new single-family homes was up to a seasonally adjusted yearly rate of 622,000, down 6.2% from March and 11.3% from a year earlier.
Inventory moved somewhat higher, with the variety of new homes for sale rising to 489,000, up 1.7% from March however still 2.2% below April 2025 levels. At the present sales pace, that left months’ supply at 9.4 months, up from 8.7 months in March and 8.6 months one year back.
Prices was mixed. The average prices reached $422,500, up 8.0% from March and 2.2% from a year previously. The typical sales price ticked up to $508,800, a modest 0.7% month-to-month gain, though it remained 1.1% below last year’s level.
- Sales (MAMA): -6.2%
- Sales (YoY): -11.3%
- Inventory (MAMA): +1.7%
- Inventory (YoY): -2.2%
- Months’ Supply: 9.4 (up from 8.7 prior month; 8.6 YoY)
- Mean Rate: $422,500
- Average Rate: $508,800