The WPJ
Residential Real Estate News
New Home Sales in U.S. in November Rise to Highest levels in Two Years
According to the U.S. Census Bureau and the Department of Housing and Urban Development (HUD), sales of new single-family houses in November 2012 were at a seasonally adjusted annual rate of 377,000.This is 4.4 percent (±16.8%) above the revised October rate of 361,000 and is 15.3 percent (±18.7%) above the November 2011 estimate of 327,000.
The median sales price of new houses sold in November 2012 was $246,200; the average sales price was $299,700. The seasonally adjusted estimate of new houses for sale at the end of November was 149,000.
This represents a supply of 4.7 months at the current sales rate.
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