Thursday, January 28, 2010

New Commerce Dept./HUD info on home sales

The data is only by region, but it may be helpful in supplementing recent info on home prices (found here and here).

Press release:

Sales of new one-family houses in December 2009 were at a seasonally adjusted annual rate of 342,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development.

This is 7.6 percent (±14.6%)* below the revised November rate of 370,000 and is 8.6 percent (±15.2%)* below the December 2008 estimate of 374,000.
The median sales price of new houses sold in December 2009 was $221,300; the average sales price was $290,600. The seasonally adjusted estimate of new houses for sale at the end of December was 231,000. This represents a supply of 8.1 months at the current sales rate.

An estimated 374,000 new homes were sold in 2009. This is 22.9 percent (±2.9%) below the 2008 figure of 485,000. New Residential Sales data for January 2010 will be released on Wednesday, February 24, 2010, at 10:00 A.M. EST.

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