New Residential Sales Dip 2.1 Percent in November
Monthly trend is off pace but exceeds 2012 by 16.6 percent.
Sales of new single-family houses in November 2013 were at a seasonally adjusted annual rate of 464,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development.
This is 2.1 percent (±21.3%)* below the revised October rate of 474,000, but is 16.6 percent (±29.4%)* above the November 2012 estimate of 398,000.
The median sales price of new houses sold in November 2013 was $270,900; the average sales price was $340,300.
The seasonally adjusted estimate of new houses for sale at the end of November was 167,000. This represents a supply of 4.3 months at the current sales rate.
CONTRACTOR SUPPLY MAGAZINE
The April/May 2024 issue of Contractor Supply magazine is here!
This digital edition is sponsored by BECK AMERICA Inc.
Our cover story, Masters of Fasteners, visits Interstate Screw Corp. of metro Miami, which serves the fastening needs of south Florida, the Caribbean and Central and South America.
Also in this issue,our Industry Updates cover Adhesives, Tapes and Sealants, Anchoring Systems and Safety and PPE.
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