U.S. Census Bureau: Monthly New Residential Sales, December 2022

The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential sales statistics for December 2022:

New Home Sales

Sales of new single-family houses in December 2022 were at a seasonally adjusted annual rate of 616,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 2.3 percent (±18.5 percent)* above the revised November rate of 602,000, but is 26.6 percent (±13.2 percent) below the December 2021 estimate of 839,000. An estimated 644,000 new homes were sold in 2022. This is 16.4 percent (±3.8 percent) below the 2021 figure of 771,000.

Sales Price

The median sales price of new houses sold in December 2022 was $442,100. The average sales price was $528,400.

For Sale Inventory and Months’ Supply

The seasonally-adjusted estimate of new houses for sale at the end of December was 461,000. This represents a supply of 9.0 months at the current sales rate.

For the full December report, click here.

The January report is scheduled for release on February 24, 2023.  View the full schedule in the Economic Briefing Room: <https://www.census.gov/economic%E2%80%90indicators/> .  The full text and tables for this release can be found at <https://www.census.gov/construction/nrs/index.html>.

Source: U.S. Census Bureau