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New Home Sales in December 2023 at annual rate of 664,000
New Home Sales
Sales of new single‐family houses in December 2023 were at a seasonally adjusted annual rate of 664,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 8.0 percent (±24.2 percent)* above the revised November rate of 615,000 and is 4.4 percent (±20.6 percent)* above the December 2022 estimate of 636,000.
An estimated 668,000 new homes were sold in 2023. This is 4.2 percent (±5.2 percent)* above the 2022 figure of 641,000.
Sales Price
The median sales price of new houses sold in December 2023 was $413,200. The average sales price was $487,300.
For Sale Inventory and Months’ Supply
The seasonally‐adjusted estimate of new houses for sale at the end of December was 453,000. This represents a supply of 8.2 months at the current sales rate.
Posted: January 25, 2024 Thursday 10:00 AM