March New-Home Sales Surge as Prices Plunge to Multi-Year Lows
Housing affordability brightens:
- Sales jumped to 682,000 units, +7.4% MoM and +3.3% YoY
- Median price dropped $21,600 (-5.3%) to $387,400, lowest since July 2021
- Prices hit 5-year low, easing buyer crunch
