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

New Home Sales

Sales of new single-family houses in July 2023 were at a seasonally adjusted annual rate of 714,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development.

This is 4.4 percent (±12.8 percent)* above the revised June rate of 684,000 and is 31.5 percent (±16.3 percent) above the July 2022 estimate of 543,000.

Sales Price

The median sales price of new houses sold in July 2023 was $436,700. The average sales price was $513,000.

For Sale Inventory and Months’ Supply

The seasonally-adjusted estimate of new houses for sale at the end of July was 437,000. This represents a supply of 7.3 months at the current sales rate.

The August report is scheduled for release on September 26, 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