New Home Sales in U.S. Dip Slightly in January

New Home Sales in U.S. Dip Slightly in January

Residential News » North America Residential News Edition | By David Barley | February 24, 2012 10:15 AM ET

residential-1.jpg According to the U.S. Census Bureau and the Department of Housing and Urban Development, sales of new single-family houses in January 2012 were at a seasonally adjusted annual rate of 321,000. This is 0.9 percent (±16.6%) below the revised December rate of 324,000, but is 3.5 percent (±17.6%) above the January 2011 estimate of 310,000.

The median sales price of new houses sold in January 2012 was $217,100; the average sales price was $261,600.  The seasonally adjusted estimate of new houses for sale at the end of January was 151,000.  This represents a supply of 5.6 months at the current sales rate.

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