New-Home Sales Rose 5.8% in November

Washington, DC, December 23, 2022-Sales of new single‐family houses in November 2022 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, 5.8% above the revised October rate of 605,000 but 15.3% below the November 2021 estimate of 756,000.

The median sales price of new houses sold in November 2022 was $471,200. The average sales price was $543,600.

The seasonally‐adjusted estimate of new houses for sale at the end of November was 461,000. This represents a supply of 8.6 months at the current sales rate.