The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential sales statistics for October 2017:

New Home Sales October 2017

Sales of new single-family houses in October 2017 were at a seasonally adjusted annual rate of 685,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development.

  • This new home sales rate is 6.2% (±18.0 percent)* above the revised September rate of 645,000 reported last month.
  • The new pace also represents 18.7% (±23.5 percent)* above the October 2016 estimate of 577,000 new homes per year.

October 2017 new home sales

Median New Home Sales Price

The median sales price of new houses sold in October 2017 was $312,800. The average sales price was $400,200.

U.S. New Homes For Sale Inventory and Months’ Supply

The seasonally-adjusted estimate of new houses for sale at the end of October was 282,000. This represents a supply of 4.9 months at the current sales rate.

The Commerce Department said there was 90% confidence that the change in sales last month ranged from an 11.8% drop to a 24.2% increase, underscoring the volatility of the data.

Check back soon as the the November 2017 United States new home sales report is scheduled for release on December 22, 2017.