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New Home Sales in January at annual rate of 321,000
Sales of new single-family houses in January 2012 were at a seasonally adjusted annual rate of 321,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 0.9 percent (±16.6%) below the revised December rate of 324,000, but is 3.5 percent (±17.6%) above the January 2011 estimate of 310,000.
The median sales price of new houses sold in January 2012 was $217,100; the average sales price was $261,600. The seasonally adjusted estimate of new houses for sale at the end of January was 151,000. This represents a supply of 5.6 months at the current sales rate.
Posted: February 24, 2012 Friday 10:00 AM