New Home Sales Fall 0.9% In January
Sales of new single-family houses in January 2012 were at a seasonally adjusted annual rate of 321,000, according to
estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development.
This is 0.9 percent (±16.6%)* below the revised December rate of 324,000, but is 3.5 percent (±17.6%)* above the
January 2011 estimate of 310,000.
The median sales price of new houses sold in January 2012 was $217,100; the average sales price was $261,600. The
seasonally adjusted estimate of new houses for sale at the end of January was 151,000. This represents a supply of 5.6
months at the current sales rate.