New Home Sales Declined 5.5% in September

Washington, DC, October 24, 2018-Sales of new single‐family houses in September 2018 were at a seasonally adjusted annual rate of 553,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development.

This is 5.5% below the revised August rate of 585,000 and is 13.2% below the September 2017 estimate of 637,000.

The median sales price of new houses sold in September 2018 was $320,000. The average sales price was $377,200.

The seasonally‐adjusted estimate of new houses for sale at the end of September was 327,000. This represents a supply of 7.1 months at the current sales rate.