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

New Home Sales

Sales of new single-family houses in December 2023 were at a seasonally adjusted annual rate of 664,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 8.0 percent (±24.2 percent)* above the revised November rate of 615,000 and is 4.4 percent (±20.6 percent)* above the December 2022 estimate of 636,000.

An estimated 668,000 new homes were sold in 2023. This is 4.2 percent (±5.2 percent)* above the 2022 figure of 641,000.

Sales Price

The median sales price of new houses sold in December 2023 was $413,200. The average sales price was $487,300.

For Sale Inventory and Months’ Supply

The seasonally-adjusted estimate of new houses for sale at the end of December was 453,000. This represents a supply of 8.2 months at the current sales rate.

To view the full release, click here.

The January report is scheduled for release on February 26, 2024. 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