US new home sales for April 0.622 million versus 0.665 million estimate

• Prior month 0.682 million revised to 0.663M
• New home sales 0.622M vs 0.665M estimate.
• New Homes sales down -6.2% vs +3.4% last month

Details for the month:

• April new home sales: 622K annualized vs 663K in March
• Month-over-month change: -6.2%
• Year-over-year change: -11.3% vs 701K in April 2025

Inventories move higher

• Homes for sale inventory: 489K vs 481K prior
• Inventory change from March: +1.7%
• Inventory change from year ago: -2.2%
• Months’ supply: 9.4 months vs 8.7 months prior
• Months’ supply vs year ago: 8.6 months
• Higher supply suggests homes are taking longer to sell

Prices move higher

• Median sales price: $422,500 vs $391,100 prior
• Median price month-over-month: +8.0%
• Median price year-over-year: +2.2%
• Average sales price: $508,800 vs $505,200 prior
• Average price month-over-month: +0.7%
• Average price year-over-year: -1.1%

Summary:
The April new home sales report was weaker overall, with sales falling sharply from both the prior month and a year ago as affordability and mortgage rates continue to weigh on demand. Inventory and months’ supply increased, pointing to a softer housing market and more supply available for buyers. Despite weaker demand, home prices remained r

The data is based on signed contracts.

This article was written by Greg Michalowski at investinglive.com.