New Single-Family Home Sales Rose 16.9% YOY in November

Washington, DC, December 23, 2019-Sales of new single‐family houses in November 2019 were at a seasonally adjusted annual rate of 719,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development, 1.3% above the revised October rate of 710,000 and is 16.9% above the November 2018 estimate of 615,000.

The median sales price of new houses sold in November 2019 was $330,800. The average sales price was $388,200.

The seasonally‐adjusted estimate of new houses for sale at the end of November was 323,000. This represents a supply of 5.4 months at the current sales rate.