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New Home Sales in November at annual rate of 733,000
New Home Sales
Sales of new single-family houses in November 2017 were at a seasonally adjusted annual rate of 733,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 17.5 percent (±10.4 percent) above the revised October rate of 624,000 and is 26.6 percent (±16.6 percent) above the November 2016 estimate of 579,000.
Sales Price
The median sales price of new houses sold in November 2017 was $318,700. The average sales price was $377,100.
For Sale Inventory and Months’ Supply
The seasonally-adjusted estimate of new houses for sale at the end of November was 283,000. This represents a supply of 4.6 months at the current sales rate.
Posted: December 22, 2017 Friday 10:00 AM