Keeping you up to date on the latest data releases.
- New Home Sales
New single-family home sales fell 0.9 percent in January to a seasonally-adjusted annual rate of 321,000 units. January’s decline follows a sharply revised upward increase to 324,000 seasonally-adjusted annualized units (initial 307,000) in December. Compared to January 2011, sales of new single-family homes are up 3.5 percent. Regionally, sales ranged from a 24.5 percent decline in the Midwest to an 11.1 percent increase in the Northeast. The median sales price rose 0.3 percent in January to $217,000, while the average sales price fell 1.2 percent to $261,600. Finally, the seasonally adjusted estimate of new single-family homes for sale at the end of January stood at 151,000 units, representing the lowest level of supply at the current sales rate, 5.6 months, since January 2006 (5.3 months) and marking the sixth consecutive month of declines in the supply of new single-family homes for sale.