New Home Sales Rose 8.0% in December

Washington, DC, January 25, 2024-Sales of new single‐family houses in December 2023 were at a seasonally adjusted annual rate of 664,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development, 8.0% above the revised November rate of 615,000 and 4.4% above the December 2022 estimate of 636,000.

An estimated 668,000 new homes were sold in 2023. This is 4.2% above the 2022 figure of 641,000.

The median sales price of new houses sold in December 2023 was $413,200. The average sales price was $487,300.

The seasonally‐adjusted estimate of new houses for sale at the end of December was 453,000. This represents a supply of 8.2 months at the current sales rate.