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News

ARTICLE

Date ArticleType
5/21/2018 Member News

NAHB Housing Release for the week of May 21


The following is the National Association of Home Builders housing release for the week of May 21, 2018. The full article can be found here.

New Home Sales: Wednesday, May 23

Sales of new single-family homes rose by 4.0% in March to a seasonally adjusted annual rate of 694,000. The total number of new homes sold over the first three months of 2018 is 10.3% ahead of its pace over the first three months of 2017. At the current sales rate, inventory is at 5.2-month supply, falling by 3.7%. Median new home sales price increased to $337,200 in March.

Existing Home Sales: Thursday, May 24

Existing home sales increased by 1.1% to a seasonally adjusted annual rate of 5.60 million in March, compared to 5.54 million in February. Meanwhile, the first-time buyer share was 30% in March, up from 29% in February but down from 32% a year ago. At the current sales rate, the March unsold inventory represents a 3.6-month supply. The March median sales price for all housing types was $250,400, up 5.8% from a year ago.

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  • Member Login
  • Join Now
  • Membership Rates
  • How your HBA membership saves you money
  • Good for your business
  • HBA's Brand Unveiling
  • Our Team
  • Our Board
  • Our History
  • Consumer Shows
  • Home Building Foundation
  • Oregon Home Builders Association
  • National Association of Home Builders
  • Contact Us
  • Member Benefits
  • Home Building Association of Greater Portland Receives Two National Association Excellence Awards
  • Home Performance Council
  • Portland Building and Urban Development Council
  • Remodeling & Custom Building Council
  • Professional Women in Building
  • Government Affairs Committee
  • Support our Political Engagement
  • HBA PAC House
  • Advocacy Resources
  • News
  • Building Science Program
  • Webinar Recordings
  • Construction Contractors Board (CCB)
  • Home Builders University
  • Lead Based Paint Classes
  • BuildRight Conference
  • Housing Forecast