(10-24-18)
The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential sales statistics for September 2018: New Home Sales – Sales of new single‐family houses in September 2018 were at a seasonally adjusted annual rate of 553,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development.
This is 5.5 percent (±12.1 percent)* below the revised August rate of 585,000 and is 13.2 percent (±13.6 percent)* below the September 2017 estimate of 637,000. Sales Price – The median sales price of new houses sold in September 2018 was $320,000. The average sales price was $377,200. For Sale Inventory and Months’ Supply The seasonally‐adjusted estimate of new houses for sale at the end of September was 327,000. This represents a supply of 7.1 months at the current sales rate.