New Home Sales, which measures signed contracts on new homes, were up 21% in March and February was revised higher. Taking out the revision, sales would be up 32% from last month's original number. Sales are still up 67% on a year over year basis, but that is likely skewed due to the economy being shut down this time last year. Looking at inventory levels - There were only 307,000 new homes for sale in March, down 7% from last year. There are 14% less homes for sale under $300,000 compared to last year. The Median home price was reported at $331,000 up not even 1% from last year.