US New Home Sales Highest Since July 2007


Sales of new single-family houses in the United States jumped 17.5 percent to a seasonally adjusted annual rate of 733 thousand in November of 2017 from a downwardly revised 624 thousand in October and beating market forecasts of 654 thousand. Sales rose in all four regions.

Sales surged in all four main regions: South (14.9 percent to 416 thousand); West (31.1 percent to 194 thousand); Midwest (6.9 percent to 77 thousand) and Northeast (9.5 percent to 46 thousand): 

The median sales price of new houses sold was $318,700, above $315,000 a year earlier. The average sales price was $377,100, also higher than $363,400 in November of 2016.

The stock of new houses for sale was flat at 283 thousand. This represents a supply of 4.6 months at the current sales rate.

Year-on-year, new home sales increased 26.6 percent. 

US New Home Sales Highest Since July 2007


US Census Bureau | Joana Taborda | joana.taborda@tradingeconomics.com
12/22/2017 3:25:53 PM