March 2023 New Home Sales: New Sales Rise Starting Spring Shopping Season
New home sales beat expectations in March as more new construction homes entered the market and buyers started their spring home shopping leading to increased sales.
March 2023 Existing Home Sales: Spring Has Yet to Bring New Growth to Existing Home Sales
Existing home sales this spring continue to be suppressed from typical seasonal levels.
More funding for market-based housing vouchers is needed now. Building more housing to address housing shortages is a longer-term, more sustainable solution to solve America’s housing affordability crisis.
March Housing Starts: Sluggish Start to Spring Home Building
March typically shows a rebounding of housing starts and permits from the winter blues. But with affordability pressures mounting, home builder activity is once again retreating this spring.