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New Home Sales in November 2022 at annual rate of 640,000
New Home Sales
Sales of new single‐family houses in November 2022 were at a seasonally adjusted annual rate of 640,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 5.8 percent (±22.7 percent)* above the revised October rate of 605,000, but is 15.3 percent (±13.0 percent) below the November 2021 estimate of 756,000.
Sales Price
The median sales price of new houses sold in November 2022 was $471,200. The average sales price was $543,600.
For Sale Inventory and Months’ Supply
The seasonally‐adjusted estimate of new houses for sale at the end of November was 461,000. This represents a supply of 8.6 months at the current sales rate.
Posted: December 23, 2022 Friday 10:00 AM