Sales of new single-family houses in October 2015 were at a seasonally adjusted annual rate of 495,000, according to estimates released jointly recently by the U.S. Department of Housing and Urban Development (HUD) and the Census Bureau. This is 10.7 percent (±17.7%)* above the revised September rate of 447,000 and is 4.9 percent (±17.6%) above the October 2014 estimate of 472,000.
The median sales price of new houses sold in October 2015 was $281,500; the average sales price was $366,000. The seasonally adjusted estimate of new houses for sale at the end of September was 225,000. This represents a supply of 5.5 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/.
Read more about this release of new home sales here.
