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New Home Sales in September 2019 at annual rate of 701,000
New Home Sales
Sales of new single‐family houses in September 2019 were at a seasonally adjusted annual rate of 701,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 0.7 percent (±16.1 percent)* below the revised August rate of 706,000, but is 15.5 percent (±20.2 percent)* above the September 2018 estimate of 607,000.
The median sales price of new houses sold in September 2019 was $299,400. The average sales price was $362,700.
For Sale Inventory and Months’ Supply
The seasonally‐adjusted estimate of new houses for sale at the end of September was 321,000. This represents a supply of 5.5 months at the current sales rate.
Posted: October 24, 2019 Thursday 10:00 AM