Sales of new single-family houses in March 2025 were at a seasonally adjusted annual rate of 724,000, a six-month high, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development on April 23.
The sales number was higher than the latest estimate in September 2024. March numbers were higher by 20.5 percent on a monthly basis and 6 percent yearly. A little more than half a million houses were left for sale at the end of March 2025, representing a supply of 8.3 months at the current sales rate.
The sales increase follows mortgage rates ticking down in March. After spiking at 7.04 percent in January, 30-year fixed rates had come down steadily to 6.65 percent by the end of March, according to Freddie Mac….