Housing Market Indicators Monthly Update: April 2021

Market Report provided by HUD

Purchases of new homes rose to the fastest pace since 2006. New single-family home sales surged 20.7 percent to 1.021 million units (SAAR) in March from an upwardly revised pace of 846,000 units in February and were 66.8 percent higher than one year ago. New home sales are based on the signing of a purchase agreement rather than a closing, as is the case with existing homes. Note that monthly data on new home sales tend to be volatile