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HUD Reports New Residential Sales in February

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Sales of new single-family houses in February 2014 were at a seasonally adjusted annual rate of 440,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 3.3 percent (±17.9 percent)* below the revised January rate of 455,000 and is 1.1 percent (±15.2 percent)* below the February 2013 estimate of 445,000.

The median sales price of new houses sold in February 2014 was $261,800; the average sales price was $317,500. The seasonally adjusted estimate of new houses for sale at the end of February was 189,000. This represents a supply of 5.2 months at the current sales rate.

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