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Tuesday, August 20, 2019
HomeNewsEconomyNew Home Sales in January 607K, December Revised Higher to 652K

New Home Sales in January 607K, December Revised Higher to 652K

Real Estate Market Going Up Concept Illustration. (Photo: AdobeStock)

New Home Sales, a Volatile New Residential Sales Report, Showed 4.1% Decline Year-Over-Year

Real Estate Market Going Up Concept Illustration. (Photo: AdobeStock)
Real Estate Market Going Up Concept Illustration. (Photo: AdobeStock)

New home sales in the U.S. came in slightly below the consensus at a seasonally adjusted annual rate of 607,000, but December was revised higher to 652,000.

The consensus forecast was 612,000, with forecasts ranging from a low of 590,000 to a high of 640,000.

While December soared, this number for January is a 6.9% decline from the prior month and 4.1% below the January 2018 estimate of 633,000.

Sales Price

The median sales price of new houses sold in January 2019 was $317,200. The average sales price was $373,100.

For Sale Inventory and Months’ Supply

The seasonally‐adjusted estimate of new houses for sale at the end of January was 336,000. This represents a supply of 6.6 months at the current sales rate.

Written by
Staff Writing Group

PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

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