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New Home Sales in October at annual rate of 544,000
New Home Sales
Sales of new single‐family houses in October 2018 were at a seasonally adjusted annual rate of 544,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 8.9 percent (±13.7 percent)* below the revised September rate of 597,000 and is 12.0 percent (±13.1 percent)* below the October 2017 estimate of 618,000.
The median sales price of new houses sold in October 2018 was $309,700. The average sales price was $395,000.
For Sale Inventory and Months’ Supply
The seasonally‐adjusted estimate of new houses for sale at the end of October was 336,000. This represents a supply of 7.4 months at the current sales rate.
Posted: November 28, 2018 Wednesday 10:00 AM