According to the article, new home sales rose by 9.6% in March. This is the largest increase since 2007. The median sales price rose to $305,000, which is a 6.8% increase from last year. The number of unsold homes fell to a five-month supply. This is the lowest level since 2013.
Overall, this is good news for the housing market. Rising home prices and increased sales show that the market is healthy and continuing to grow. This is good news for both home buyers and sellers.
You can read this full article at: https://www.housingwire.com/articles/new-home-sales-rose-by-9-6-in-march/(subscription required)
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