New Home Sales Rose 1.1% in February

Washington, DC, March 23, 2023-Sales of new single‐family houses in February 2023 were at a seasonally adjusted annual rate of 640,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development, 1.1% above the revised January rate of 633,000 but 19.0% below the February 2022 estimate of 790,000.

The median sales price of new houses sold in February 2023 was $438,200. The average sales price was $498,700.

The seasonally‐adjusted estimate of new houses for sale at the end of February was 436,000. This represents a supply of 8.2 months at the current sales rate.