New home sales climb 3.7 percent in December
Average sales price was $377,000.
The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential sales statistics for December 2018:
New Home Sales
Sales of new single‐family houses in December 2018 were at a seasonally adjusted annual rate of 621,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 3.7 percent (±16.4 percent)* above the revised November rate of 599,000, but is 2.4 percent (±21.3 percent)* below the December 2017 estimate of 636,000.
An estimated 622,000 new homes were sold in 2018. This is 1.5 percent (±6.5 percent)* above the 2017 figure of 613,000.
Sales Price
The median sales price of new houses sold in December 2018 was $318,600. The average sales price was $377,000.
For Sale Inventory and Months’ Supply
The seasonally‐adjusted estimate of new houses for sale at the end of December was 344,000. This represents a supply of 6.6 months at the current sales rate.
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