U.S. Census Bureau: Monthly New Residential Sales, June 2023

The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential sales statistics for June 2023:

New Home Sales

Sales of new single-family houses in June 2023 were at a seasonally adjusted annual rate of 697,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 2.5 percent (±12.7 percent)* below the revised May rate of 715,000, but is 23.8 percent (±22.5 percent) above the June 2022 estimate of 563,000.

Sales Price

The median sales price of new houses sold in June 2023 was $415,400. The average sales price was $494,700.

For Sale Inventory and Months’ Supply

The seasonally-adjusted estimate of new houses for sale at the end of June was 432,000. This represents a supply of 7.4 months at the current sales rate.

The July report is scheduled for release on August 23, 2023. View the full schedule in the Economic Briefing Room: < www.census.gov/economic-indicators/ >. The full text and tables for this release can be found at < www.census.gov/construction/nrs/ >

To view the full release, click here.

Source: U.S. Census Bureau