Sales of new single-family houses in February 2016 were at a seasonally adjusted annual rate of 512,000, according to estimates released jointly today by the U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau. This is 2 percent (±18.8 percent) above the revised January rate of 502,000 and is 6.1 percent (±17.9 percent) below the February 2015 estimate of 545,000.
The median sales price of new houses sold in February 2016 was $301,400; the average sales price was $348,900. The seasonally adjusted estimate of new houses for sale at the end of February was 240,000. This represents a supply of 5.6 months at the current sales rate.
Estimates of houses sold and for sale by stage of construction are now available on a seasonally adjusted basis as well as not seasonally adjusted basis. Historic seasonally adjusted data will be available back to January 1999 at http://www.census.gov/construction/nrs/historical_data/.
New Residential Sales data for March 2016 will be released on Monday, April 25, 2016, at 10 A.M. EST. Read more about new residential sales activity.