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

New Home Sales

Sales of new single-family houses in July 2022 were at a seasonally adjusted annual rate of 511,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development.

This is 12.6 percent (±16.9 percent)* below the revised June rate of 585,000 and is 29.6 percent (±10.9 percent) below the July 2021 estimate of 726,000.

Sales Price

The median sales price of new houses sold in July 2022 was $439,400. The average sales price was $546,800.

For Sale Inventory and Months’ Supply

The seasonally-adjusted estimate of new houses for sale at the end of July was 464,000. This represents a supply of 10.9 months at the current sales rate.

For the full July report, click here.

The August report is scheduled for release on September 27, 2022. View the full schedule in the Economic Briefing Room: https://www.census.gov/economic-indicators/. 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