The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential sales statistics for December 2022: New Home Sales – Sales of new single‐family houses in December 2022 were at a seasonally adjusted annual rate of 616,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development.  This is 2.3 percent (±18.5 percent)* above the revised November rate of 602,000, but is 26.6 percent (±13.2 percent) below the December 2021 estimate of 839,000. An estimated 644,000 new homes were sold in 2022. This is 16.4 percent (±3.8 percent) below the 2021 figure of 771,000. Sales Price – The median sales price of new houses sold in December 2022 was $442,100.  The average sales price was $528,400. For Sale Inventory and Months’ Supply The seasonally‐adjusted estimate of new houses for sale at the end of December was 461,000.  This represents a supply of 9.0 months at the current sales rate.