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Sales of New Single-Family Houses Were at a Seasonally Adjusted Annual Rate of 414,000

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Core prompt: According to a report from the US Census Bureau and the Department of Housing and Urban Development, sales of new single-family houses in December 2013 were at a seasonally adjusted annual rate of 4

According to a report from the US Census Bureau and the Department of Housing and Urban Development, sales of new single-family houses in December 2013 were at a seasonally adjusted annual rate of 414,000. This is 7.0 percent (±17.5 percent) below the revised November rate of 445,000, but is 4.5 percent (±19.8 percent) above the December 2012 estimate of 396,000.

The median sales price of new houses sold in December 2013 was $270,200; the average sales price was $311,400. The seasonally adjusted estimate of new houses for sale at the end of December was 171,000. This represents a supply of 5.0 months at the current sales rate. An estimated 428,000 new homes were sold in 2013. This is 16.4 percent (±4.0 percent) above the 2012 figure of 368,000.

 
 
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