New Home Sales in U.S. in November Rise to Highest levels in Two Years

Residential News » North America Residential News Edition | By David Barley | December 27, 2012 12:46 PM ET

Residentual-Home-Construction.jpg 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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