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U.S. New Home Sales Down in November Jan 7, 2010 |
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November sales of new one-family houses in the United States were at a seasonally adjusted annual rate of 355,000.
The U.S. Census Bureau said the November rate is 11.3% below the revised October 2009 rate of 400,000 and is 9.0% below the November 2008 estimate of 390,000.
The median sales price of new houses sold in November 2009 was $217,400; the average sales price was $280,300. The seasonally adjusted estimate of new houses for sale at the end of
November was 235,000. This represents a supply of 7.9 months at the current sales rate.
| Home Sales | 2008 | 2009 | ||||||||||||
| (1000s, seasonally adjusted) | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug (rev) |
Sep (rev) |
Oct (rev) |
Nov (prelim) |
Oct-Nov % change |
| Houses Sold | 390 | 374 | 329 | 354 | 332 | 345 | 371 | 399 | 419 | 408 | 393 | 400 | 355 | -11.3% |
| Houses for Sale | 370 | 350 | 340 | 328 | 313 | 300 | 293 | 280 | 270 | 262 | 252 | 240 | 235 | -2.1% |
| Months of Supply | 11.4 | 11.2 | 12.4 | 11.1 | 11.3 | 10.4 | 9.5 | 8.4 | 7.7 | 7.7 | 7.7 | 7.2 | 7.9 | 9.7% |
(rev) - revised
(pelim) - preliminary
Source: U.S. Census Bureau and the Department of Housing and Urban Development