Sept. New Home Sales Slipped from Aug. Rates but Rose 15.5% YOY
Washington, DC, October 24, 2019-Sales of new single‐family houses in September 2019 were at a seasonally adjusted annual rate of 701,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development, 0.7% below the revised August rate of 706,000 but 15.5% above the September 2018 estimate of 607,000.
The median sales price of new houses sold in September 2019 was $299,400. The average sales price was $362,700.
The seasonally‐adjusted estimate of new houses for sale at the end of September was 321,000. This represents a supply of 5.5 months at the current sales rate.