Friday, December 23, 2005

New Homes Sales Index for November 2005 from Commerce Department

According to the Commerce Department's reporting of New Residential Sales for November, sales of new one-family houses in November 2005 were at a seasonally adjusted annual rate of 1,245,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 11.3 percent (±8.9%) below the revised October rate of 1,404,000, but is 6.0 percent (±13.8%)* above the November 2004 estimate of 1,175,000.

The median sales price of new houses sold in November 2005 was $225,200; the average sales price was $283,300. The seasonally adjusted estimate of new houses for sale at the end of November was 503,000. This represents a supply of 4.9 months at the current sales rate.

New Residential Sales data for December 2005 will be released on Friday, January 27, 2006.

Click here for the Commerce Department's New Residential Sales Index page for full details, downloads in PDF and XLS (Excel) formats, for reporting by month, quarter and year.

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