(03-24-20) The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential sales statistics for February 2020: New Home Sales – Sales of new single-family houses in February 2020 were at a seasonally adjusted annual rate of 765,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 4.4 percent (±14.8 percent)* below the revised January rate of 800,000, but is 14.3 percent (±17.5 percent)* above the February 2019 estimate of 669,000. Sales Price – The median sales price of new houses sold in February 2020 was $345,900. The average sales price was $403,800. For Sale Inventory and Months’ Supply – The seasonally-adjusted estimate of new houses for sale at the end of February was 319,000. This represents a supply of 5.0 months at the current sales rate.
National Association of Home Builders – New Home Sales (03-24-20)
Pipe Exchange
14025 West Road
Suite 100
Houston, TX 77041
- Phone: 713.934.9480
- Fax: 713.934.9490
- Email: sales@pipexch.com