Sales tumbled 23.6 percent in the West, but rose 18.5 percent in the Midwest and 5 percent in the South. New home sales were unchanged in the Northeast.
The median sales price of new houses sold in March 2016 was $288,000; the average sales price was $356,200.
The seasonally adjusted estimate of new houses for sale at the end of March was 246,000. This represents a supply of 5.8
months at the current sales rate.
Year-on-year, new home sales expanded 5.4 percent in March.