The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointlyannounced the following new residential sales statistics for February 2023: New Home Sales – Sales of new single‐family houses in February 2023 were at a seasonally adjusted annual rate of 640,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development.  This is 1.1 percent (±15.3 percent)* above the revised January rate of 633,000, but is 19.0 percent (±12.9 percent) below the February 2022 estimate of 790,000. Sales Price – The median sales price of new houses sold in February 2023 was $438,200.  The average sales price was $498,700. For Sale Inventory and Months’ Supply – The seasonally‐adjusted estimate of new houses for sale at the end of February was 436,000.  This represents a supply of 8.2 months at the current sales rate