New Single-Family Home Sales Rose 5.2% in November

Washington, DC, December 23, 2016—Sales of new single-family houses in November 2016 were at a seasonally adjusted annual rate of 592,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development.

This is 5.2% above the revised October rate of 563,000 and is 16.5% above the November 2015 estimate of 508,000.

The median sales price of new houses sold in November 2016 was $305,400; the average sales price was $359,900. The seasonally adjusted estimate of new houses for sale at the end of November was 250,000. This represents a supply of 5.1 months at the current sales rate.