New Home Sales fell to 593,000

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Monday, Feb 26 2018

New Home Sales fell to 593,000

Sales of new single-family houses in January 2018 were at a seasonally adjusted annual rate of 593,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 7.8 percent below the revised December rate of 643,000 and is 1.0 percent) below the January 2017 estimate of 599,000.

The median sales price of new houses sold in January 2018 was $323,000. The average sales price was $382,700. The seasonally-adjusted estimate of new houses for sale at the end of January was 301,000. This represents a supply of 6.1 months at the current sales rate.

More in this category: « ECB's Draghi Says Patience Needed on Monetary Policy M3 Money Supply unchanged in January »

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