Economic Report: ‘New homes are likely a viable choice for fewer first-time home buyers.’ New-home sales dip as affordability worsens

26 April 2022

The numbers: U.S. new-home sales decreased 8.6% to an annual rate of 763,000 in March, the government said Tuesday. That figure represents the quantity of homes that would be sold over a yearlong period of time if the same number of properties were bought each month based on the rate of sales in March.