Tuesday, December 24, 2013

HUD Releases Latest Housing Numbers

Check out the link from HUD. 

Sales of new single-family houses in November 2013 were at a seasonally adjusted annual rate of 464,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development.

            This is 2.1 percent (±21.3%)* below the revised October rate of 474,000, but is 16.6 percent (±29.4%)* above the November 2012 estimate of 398,000.  The median sales price of new houses sold in November 2013 was $270,900; the average sales price was $340,300. The  seasonally adjusted estimate of new houses for sale at the end of November was 167,000. This represents a supply of 4.3 months at the current sales rate.  New Residential Sales data for December 2013 will be released on Monday, January 27, 2014, at 10:00 A.M. EST

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