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New Home Sales in December at annual rate of 544,000
Sales of new single-family houses in December 2015 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 10.8 percent (±17.1%)* above the revised November rate of 491,000 and is 9.9 percent (±25.0%)* above the December 2014 estimate of 495,000.
The median sales price of new houses sold in December 2015 was $288,900; the average sales price was $346,400. The seasonally adjusted estimate of new houses for sale at the end of December was 237,000. This represents a supply of 5.2 months at the current sales rate.
An estimated 501,000 new homes were sold in 2015. This is 14.5 percent (±4.5%) above the 2014 figure of 437,000.
Posted: January 27, 2016 Wednesday 10:00 AM