Connect with us

Hi, what are you looking for?

National News

863,000 New Homes Sold Across the Country in April

The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly announced the following new residential sales statistics for April 2021:

Advertisements

[Residential Sales Graph]

New Home Sales

Sales of new single-family houses in April 2021 were at a seasonally adjusted annual rate of 863,000. This is 5.9 percent (±11.2 percent)* below the revised March rate of 917,000 and is 48.3 percent (±24.5 percent)* above the April 2020 estimate of 582, 000.

Sales Price

The median sales price of new houses sold in April 2021 was $372,400. The average sales price was $435,400.

For Sale Inventory and Months’ Supply

The seasonally adjusted estimate of new houses for sale at the end of April was 316,000. This represents a supply of 4.4 months at the current sales rate.

Read more about new residential sales activity.

EXPLANATORY NOTES

In interpreting changes in the statistics in this release, note that month-to-month changes in seasonally adjusted statistics often show movements which may be irregular. It may take three months to establish an underlying trend for building permit authorizations, six months for total starts, and six months for total completions. The statistics in this release are estimated from sample surveys and are subject to sampling variability as well as nonsampling error including bias and variance from response, nonreporting, and undercoverage. Estimated relative standard errors of the most recent data are shown in the tables. Whenever a statement such as “2.5 percent (±3.2 percent) above” appears in the text, this indicates the range (-0.7 to +5.7 percent) in which the actual percentage change is likely to have occurred. All ranges given for percentage changes are 90 percent confidence intervals and account only for sampling variability. If a range does not contain zero, the change is statistically significant. If it does contain zero, the change is not statistically significant; that is, it is uncertain whether there was an increase or decrease. The same policies apply to the confidence intervals for percentage changes shown in the tables. On average, the preliminary seasonally adjusted estimates of total building permits, housing starts and housing completions are revised 3 percent or less. 

The Georgia Virtue
Written By

Click to comment

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

You May Also Like

Crime & Safety

Governor Brian Kemp has issued a State of Emergency order for all counties in Georgia in preparation for Hurricane Ian’s impact later in the...

Bulloch Crime & Safety

The Bulloch Co Jail Booking & Incident Report 09/26/22 details arrests from Bulloch Co., Statesboro, Brooklet, Portal, Register, and the Georgia State Patrol. Incident...

South Georgia Local Government

The Effingham County Board of Commissioners voted last week to add additional School Resource Officer’s to the Sheriff’s FY 2023 budget after a request...

Bulloch Crime & Safety

Bulloch County Schools continues to monitor official weather reports about Hurricane Ian. Continue to monitor communications from the district and local news media. If...

Copyright © 2022 ... JustSun LLC.

NEVER MISS A STORY!
Sign Up For Our  Newsletter
Get the latest headlines and stories - and even exclusive content!- sent right to your inbox.
Stay Updated
Give it a try, you can unsubscribe anytime.
close-link