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

New Home Sales

Sales of new single-family houses in November 2022 were at a seasonally adjusted annual rate of 640,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 5.8 percent (±22.7 percent)* above the revised October rate of 605,000, but is 15.3 percent (±13.0 percent) below the November 2021 estimate of 756,000.

Sales Price

The median sales price of new houses sold in November 2022 was $471,200. The average sales price was $543,600.

For Sale Inventory and Months’ Supply

The seasonally-adjusted estimate of new houses for sale at the end of November was 461,000. This represents a supply of 8.6 months at the current sales rate.

For the full November report, click here.

The December report is scheduled for release on January 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/ .

Source: U.S. Census Bureau