U.S new single-family house sales declined 11.4 percent in April 2017 to a seasonally adjusted annual rate of 569,00 units last month , according to estimates released jointly Tuesday by the U.S. Census Bureau and the Department of Housing and Urban Development.

This is 11.4 percent (±10.5 percent) below the revised March rate of 642,000, but is 0.5 percent (±11.3 percent)* above the April 2016 estimate of 566,000.

The median sales price of new houses sold in April 2017 was $309,200. The average sales price was $368,300.

The seasonally-adjusted estimate of new houses for sale at the end of April was 268,000. This represents a supply of 5.7 months at the current sales rate.

Seasonal Review (every April release)

Seasonally adjusted estimates of housing units sold, housing units for sale, and the months’ supply of new housing for January 2015 through March 2017 have been revised.

Source: U.S. Census Bureau

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