Home inventory in the Nashville area is low. New homes are in big demand because there simply isn’t enough homes available. In March 2019 there was an 11-year high in new home sales. Here is a press release from the US Census Bureau regarding new home builds.
May 23, 2019 ‐ The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly
announced the following new residential sales statistics for April 2019: 
New Home Sales
Sales of new single‐family houses in April 2019 were at a seasonally adjusted annual rate of 673,000, according to
estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development.
This is 6.9 percent (±14.0 percent)* below the revised March rate of 723,000, but is 7.0 percent (±12.4 percent)*
above the April 2018 estimate of 629,000.
Sales Price
The median sales price of new houses sold in April 2019 was $342,200. The average sales price was $393,700.
For Sale Inventory and Months’ Supply
The seasonally‐adjusted estimate of new houses for sale at the end of April was 332,000. This represents a supply of
5.9 months at the current sales rate.
The May report is scheduled for release on June 25, 2019. View the full schedule in the Economic Briefing Room:
www.census.gov/economic‐indicators.
Having a new home built for you is a great option in today’s housing market. You can get more per square foot and have your home built to your exact specifications. If you are considering having a home custom build, schedule a consultation with us to get started. We are licensed, insured and have over 30 years experience building new homes.
