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HUD Reports Residential Sales Up from Last December

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Sales of new single-family houses in December 2013 were at a seasonally adjusted annual rate of 414,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 7.0 percent (±17.5 percent) below the revised November rate of 445,000, but is 4.5 percent (±19.8 percent) above the December 2012 estimate of 396,000.

The median sales price of new houses sold in December 2013 was $270,200; the average sales price was $311,400. The seasonally adjusted estimate of new houses for sale at the end of December was 171,000. This represents a supply of 5.0 months at the current sales rate.

New Residential Sales data for January 2013 will be released on Wednesday, February 26, 2014, at 10:00 A.M. EST.

For more information, visit www.hud.gov.

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