The U.S. Census Bureau and HUD jointly announced the following new residential home sales statistics for September 2017:
New Home Sales September 2017
Sales of new single-family houses in September 2017 were at a seasonally adjusted annual rate of 667,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development.
This is 18.9% (±19.0 percent)* above the revised August new home sales rate of 561,000 and is 17.0% (±22.4 percent)* above the September 2016 estimate of 570,000.
The median sales price of new houses sold in the United States for September 2017 was $319,700. The average new home sales price was $385,200.
For Sale Inventory and Months’ Supply
The seasonally-adjusted estimate of new houses for sale at the end of September was 279,000. This represents a new home supply of 5.0 months at the current sales rate.
The October 2017 Residential U.S. Home Sales report is scheduled for release to the public on November 27, 2017.