New Home Sales Rose 4.9% in February

Washington, DC, March 29, 2019--Sales of new single‐family houses in February 2019 were at a seasonally adjusted annual rate of 667,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 4.9 percent (±14.4 percent) above the revised January rate of 636,000 and is 0.6 percent (±13.1 percent)* above the February 2018 estimate of 663,000.

The median sales price of new houses sold in February 2019 was $315,300. The average sales price was $379,600.

The seasonally‐adjusted estimate of new houses for sale at the end of February was 340,000. This represents a supply of 6.1 months at the current sales rate.