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New Home Sales in December 2019 at annual rate of 694,000
New Home Sales
Sales of new single‐family houses in December 2019 were at a seasonally adjusted annual rate of 694,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 0.4 percent (±15.1 percent)* below the revised November rate of 697,000, but is 23.0 percent (±20.0 percent) above the December 2018 estimate of 564,000. An estimated 681,000 new homes were sold in 2019. This is 10.3 percent (±6.4 percent) above the 2018 figure of 617,000.
Sales Price
The median sales price of new houses sold in December 2019 was $331,400. The average sales price was $384,500.
For Sale Inventory and Months’ Supply
The seasonally‐adjusted estimate of new houses for sale at the end of December was 327,000. This represents a supply of 5.7 months at the current sales rate.
Posted: January 27, 2020 Monday 10:00 AM