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ECON: New Home Sales In Line With Expectations
Posted to: Micro News
Thursday, December 27, 2012 10:09 AM

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- 377k vs 378k Consensus
- Highest Since April 2010
- 4.7 Months Supply vs 4.9 Previously

Sales of new single-family houses in November 2012 were at a seasonally adjusted annual rate of 377,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 4.4 percent (±16.8%)* above the revised October rate of 361,000 and is 15.3 percent (±18.7%)* above the November 2011 estimate of 327,000.

The median sales price of new houses sold in November 2012 was $246,200; the average sales price was $299,700. The seasonally adjusted estimate of new houses for sale at the end of November was 149,000. This represents a supply of 4.7 months at the current sales rate.




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