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

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