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

New Home Sales

Sales of new single-family houses in January 2023 were at a seasonally adjusted annual rate of 670,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 7.2 percent (±20.4 percent)* above the revised December rate of 625,000, but is 19.4 percent (±13.1 percent) below the January 2022 estimate of 831,000.

Sales Price

The median sales price of new houses sold in January 2023 was $427,500.  The average sales price was $474,400.

For Sale Inventory and Months’ Supply

The seasonally-adjusted estimate of new houses for sale at the end of January was 439,000. This represents a supply of 7.9 months at the current sales rate.

For the full January report, click here.

The February report is scheduled for release on March 23, 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