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

New Home Sales

Sales of new single-family houses in February 2023 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 1.1 percent (±15.3 percent)* above the revised January rate of 633,000, but is 19.0 percent (±12.9 percent) below the February 2022 estimate of 790,000.

Sales Price

The median sales price of new houses sold in February 2023 was $438,200.  The average sales price was $498,700.

For Sale Inventory and Months’ Supply

The seasonally-adjusted estimate of new houses for sale at the end of February was 436,000. This represents a supply of 8.2 months at the current sales rate.

For the full February report, click here.

The March report is scheduled for release on April 25, 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/>.

*The 90 percent confidence interval includes zero. In such cases, there is insufficient statistical evidence to conclude that the actual change is different from zero.

Source: U.S. Census Bureau