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New Home Sales Up in January

New Home SalesSales of new single-family houses in January 2017 were at a seasonally adjusted annual rate of 555,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 3.7 percent above the revised December rate of 535,000 and is 5.5 percent above the January 2016 estimate of 526,000.
The median sales price of new houses sold in January 2017 was $312,900. The average sales price was $360,900. The seasonally-adjusted estimate of new houses for sale at the end of January was 265,000. This represents a supply of 5.7 months at the current sales rate.

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