Research >> Economics
New Home Sales in February 2020 at annual rate of 765,000
New Home Sales
Sales of new single-family houses in February 2020 were at a seasonally adjusted annual rate of 765,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 4.4 percent (±14.8 percent)* below the revised January rate of 800,000, but is 14.3 percent (±17.5 percent)* above the February 2019 estimate of 669,000.
The median sales price of new houses sold in February 2020 was $345,900. The average sales price was $403,800.
For Sale Inventory and Months’ Supply
The seasonally-adjusted estimate of new houses for sale at the end of February was 319,000. This represents a supply of 5.0 months at the current sales rate.
Posted: March 24, 2020 Tuesday 10:00 AM