Monday, February 27, 2012

New Homes Sales Down in January

Sales of new single-family houses in January 2012 were at a seasonally adjusted annual rate of 321,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 0.9 percent below the revised December rate of 324,000, but is 3.5 percent above the January 2011 estimate of 310,000.


The median sales price of new houses sold in January 2012 was $217,100; the average sales price was $261,600. The seasonally adjusted estimate of new houses for sale at the end of January was 151,000. This represents a supply of 5.6 months at the current sales rate.

No comments:

Post a Comment