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

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The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential sales statistics for September 2022:

New Home Sales

Sales of new single-family houses in September 2022 were at a seasonally adjusted annual rate of 603,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development.  This is 10.9 percent (±15.2 percent)* below the revised August rate of 677,000 and is 17.6 percent (±15.9 percent) below the September 2021 estimate of 732,000.

Sales Price

The median sales price of new houses sold in September 2022 was $470,600.  The average sales price was $517,700.

For Sale Inventory and Months’ Supply

The seasonally-adjusted estimate of new houses for sale at the end of September was 462,000.  This represents a supply of 9.2 months at the current sales rate.

For the full September report, click here.

The October report is scheduled for release on November 23, 2022.  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/index.html>.

Source: U.S. Census Bureau