Buyers rushed into the market for new homes in April, pushing sales to highest level in three years

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Buyers rushed into the market for new homes in April, pushing sales to highest level in three years

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Higher incentives and lower prices boosted sales

Last Updated: May 23, 2025 at 10:48 a.m. ET
First Published: May 23, 2025 at 10:11 a.m. ET

The numbers: U.S. new home sales rose 10.9% to a seasonally-adjusted annual rate of 743,000 in April from a revised 670,000 in the prior month, the government reported Friday. This is the highest level of sales since February 2022.

Economists polled by the Wall Street Journal had expected a decline in new-home sales as mortgage rates picked up in April.

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Greg Robb

Greg Robb is a senior reporter for MarketWatch in Washington. Follow him on Twitter @grobb2000.

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