The most recent measure of new home sales from the U.S. Census Bureau and the Department of Housing and Urban Development covers sales numbers from the months of February and March. According to the data, sales were up. In fact, sales were 7.4 percent higher in February and 3.3 percent higher in March compared to year-before levels. Bill Owens, the National Association of Home Builders’ chairman, says demand conditions are improving. “An uptick in new home sales reflects improving demand conditions, supported by a modest pullback in mortgage rates and ongoing supply constraints in the existing home market,” Owens said. “Builders are gradually increasing production, but elevated construction costs and labor shortages continue to limit the pace of expansion.” Also in the report, the median new home sales price was $387,400 – nearly 10 percent lower than its December 2025 peak of $429,100. (source)
