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New Home Sales in February at annual rate of 667,000
New Home Sales
Sales of new single‐family houses in February 2019 were at a seasonally adjusted annual rate of 667,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 4.9 percent (±14.4 percent)* above the revised January rate of 636,000 and is 0.6 percent (±13.1 percent)* above the February 2018 estimate of 663,000.
The median sales price of new houses sold in February 2019 was $315,300. The average sales price was $379,600.
For Sale Inventory and Months’ Supply
The seasonally‐adjusted estimate of new houses for sale at the end of February was 340,000. This represents a supply of 6.1 months at the current sales rate.
Posted: March 29, 2019 Friday 10:00 AM