US new-home sales fell the most since 2013 last month as the coronavirus pandemic slowed buying
Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.US new home sales fell 15.4% in March and were at a seasonally adjusted annual rate of 627,000 according to aThe slump was much steeper than the revised February rate, down 4.4%, and is down 9.5% from the same period last year. .US new home sales fell 15.
On Thursday, jobless claims for the week ending April 18 were 4.4 million, bringing the five-week total of Americans who have filed for unemployment insurance to 26 million. This sharp uptick in Americans out of work combined with strict social distancing guidelines and continued bans on nonessential business. Thursday's report is the latest economic indicator to show just how wide the impact of the pandemic has been on the US economy. Existing home sales alsoaccording to a Monday report, as the coronavirus pandemic cratered demand.
The median sales price of new houses was $321,400 in March, according to the report. The average sales price was $375,000. There were 333,000 new homes for sale at the end of March, according to a seasonally adjusted estimate. That represents a supply of 6.4 months at the current sales rate. Do you have a personal experience with the coronavirus you'd like to share? Or a tip on how your town or community is handling the pandemic? Please emailfrom Business Insider Intelligence on how COVID-19 is affecting industries.
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