“New Home Sales Rise and Prices Fall, Offering Affordable Homeownership Opportunities in the US Real Estate Market”

New home sales in the United States continued to rise in April, and prices are slowing, with the median price even at the lowest since December 2021, according to figures released Tuesday by the Commerce Department.

In April, 683,000 new homes were sold at an annualized rate, that is to say projected over the year at this rate. This is better than the 669,000 sales that were expected, according to the consensus of MarketWatch.

This is the highest number of homes sold since March 2022.

This represents an increase of 4.1% compared to March, a month for which the data has also been revised downwards: the increase in sales is ultimately only 4% compared to February, and not 9.6% as initially announced, 656,000 houses having been sold, instead of the 683,000 announced.

Average price: $501,000

The number of homes sold in April is the highest since March 2022.” Despite the constraints of higher interest rates for home loans penalizing affordability, new home sales have maintained positive momentum in recent months“commented Rubeela Farooqi, chief economist for HFE, in a note.

The median price of a new home was $420,800, down sharply, and the lowest since December 2021.

The average price stands at 501,000 dollars, also down, at its lowest level for 3 months.