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New Home Sales in January at annual rate of 284,000
Sales of new single-family houses in January 2011 were at a seasonally adjusted annual rate of 284,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 12 6 percent (±11 2%) below the revised December rate of 325 000 and is 18 6 percent (±15 4%) below the 12.6 11.2%) 325,000 18.6 15.4%) January 2010 estimate of 349,000.
The median sales price of new houses sold in January 2011 was $230,600; the average sales price was $260,300. The seasonally adjusted estimate of new houses for sale at the end of January was 188,000. This represents a supply of 7.9 months at the current sales rate.
Posted: February 24, 2011 Thursday 10:00 AM