Sales Of New Single-Family Houses Up 16.6% From Last Year’s Estimate

Posted by Patrick Barnard on December 24, 2013 No Comments
Categories : Residential Mortgage

Sales of new single-family houses in November were at a seasonally adjusted annual rate of 464,000, according to estimates released jointly by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.

This is 2.1% below the revised October rate of 474,000 but is 16.6% above the November 2012 estimate of 398,000, according to the data.

The median sales price of new houses sold in November of this year was $270,900; the average sales price was $340,300.

The estimates also show that the seasonally adjusted estimate of new houses for sale at the end of November was 167,000 – representing a supply of 4.3 months at the current sales rate.

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