Keeping you up to date on the latest data releases.
- New Home Sales
New single-family home sales rose for the third consecutive month to a seasonally adjusted rate of 315,000 units being sold. After an upward revision of Octobers’ figures, this represents a 1.6 percent in November. Compared to November 2010, this is a 9.8 percent overall increase in sales. Regionally sales ranged from a 30 percent decline in the Northeast to a 62.9 percent increase in the Midwest on a year-over-year basis. The median sales price of new houses sold in November 2011 was $214,100; the average sales price was $242,900. The seasonally adjusted estimate of new houses for sale at the end of November was 158,000. This represents a 6 month supply of new single-family housing at the current sales rate.