New Home Sales Slide in December

For full year, new home sales trend up 16.4 percent in 2013 over 2012.

Sales of new single-family houses in December 2013 were at a seasonally adjusted annual rate of 414,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 7.0 percent (±17.5%)* below the revised November rate of 445,000, but is 4.5 percent (±19.8%)* above the December 2012 estimate of 396,000.

The median sales price of new houses sold in December 2013 was $270,200; the average sales price was $311,400. The seasonally adjusted estimate of new houses for sale at the end of December was 171,000. This represents a supply of 5.0 months at the current sales rate.

An estimated 428,000 new homes were sold in 2013. This is 16.4 percent (±4.0%) above the 2012 figure of 368,000.