January New Home Sales Dipped 4.5%

Washington, DC, February 24, 2022-Sales of new single‐family houses in January 2022 were at a seasonally adjusted annual rate of 801,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development, 4.5% below the revised December rate of 839,000 and 19.3% below the January 2021 estimate of 993,000.

The median sales price of new houses sold in January 2022 was $423,300. The average sales price was $496,900.

The seasonally‐adjusted estimate of new houses for sale at the end of January was 406,000. This represents a supply of 6.1 months at the current sales rate.