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

New Home Sales

Sales of new single-family houses in November 2023 were at a seasonally adjusted annual rate of 590,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 12.2 percent (±15.6 percent)* below the revised October rate of 672,000, but is 1.4 percent (±19.8 percent)* above the November 2022 estimate of 582,000.

Sales Price

The median sales price of new houses sold in November 2023 was $434,700. The average sales price was $488,900.

For Sale Inventory and Months’ Supply

The seasonally-adjusted estimate of new houses for sale at the end of November was 451,000.  This represents a supply of 9.2 months at the current sales rate. The December report is scheduled for release on January 25, 2024. 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