U.S. new home sales increase 4.3 percent in January
Average selling price was $408,800.
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The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential sales statistics for January 2021:
New Home Sales
Sales of new single-family houses in January 2021 were at a seasonally adjusted annual rate of 923,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development.
This is 4.3 percent (±18.1 percent)* above the revised December rate of 885,000 and is 19.3 percent (±19.5 percent)* above the January 2020 estimate of 774,000.
Sales Price
The median sales price of new houses sold in January 2021 was $346,400. The average sales price was $408,800.
For Sale Inventory and Months’ Supply
The seasonally-adjusted estimate of new houses for sale at the end of January was 307,000. This represents a supply of 4.0 months at the current sales rate.
CONTRACTOR SUPPLY MAGAZINE
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