Research >> Economics
New Home Sales in January at annual rate of 593,000
New Home Sales
Sales of new single-family houses in January 2018 were at a seasonally adjusted annual rate of 593,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 7.8 percent (±19.0 percent)* below the revised December rate of 643,000 and is 1.0 percent (±16.4 percent)* below the January 2017 estimate of 599,000.
Sales Price
The median sales price of new houses sold in January 2018 was $323,000. The average sales price was $382,700.
For Sale Inventory and Months’ Supply
The seasonally-adjusted estimate of new houses for sale at the end of January was 301,000. This represents a supply of 6.1 months at the current sales rate.
Posted: February 26, 2018 Monday 10:00 AM