New Home Sales Rose 10.8% in December

Washington, DC, January 27, 2016—Sales of new single-family houses in December 2015 were at a seasonally adjusted annual rate of 544,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 10.8% above the revised November rate of 491,000 and is 9.9% above the December 2014 estimate of 495,000.

The median sales price of new houses sold in December 2015 was $288,900; the average sales price was $346,400. The seasonally adjusted estimate of new houses for sale at the end of December was 237,000. This represents a supply of 5.2 months at the current sales rate.

An estimated 501,000 new homes were sold in 2015. This is 14.5% above the 2014 figure of 437,000.