New Residential Home Sales Up 9.6% in January
Feb 26, 2014
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January 2014 sales of new single-family houses were at a seasonally adjusted annual rate of 468,000, according to U.S. Census Bureau data.

January sales were up 9.6% from the revised December rate of 427,000 and is up 2.2% from January 2013's 458,000.

The median sales price of new homes in January 2014 was $260,100. The average sales price was $322,800.

The seasonally adjusted estimate of new houses for sale at the end of January 2014 was 184,000—a supply of 4.7 months at the current rate of sales.

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