According to estimates released by the U.S. Census Bureau and the Department of Housing and Urban Development, sales of new single-family houses rose 11.1 percent above the revised February rate. The better than expected increase follows three consecutive months of declines. The median sales price for a new home was also up, climbing 2.9 percent from the month before. The median price of new houses sold in March was $213,800. The average sales price was $246,800. At the current sales rate, there was a 7.3-month supply of new homes for sale at the end of March. More here and here.

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