US sales of new single-family houses in February 2014 were at a seasonally adjusted annual rate of 440,000, according to estimates released jointly Wednesday by the US Census Bureau and the Department of Housing and Urban Development.
This is 3.3 percent (±17.9 percent) below the revised January rate of 455,000 and is 1.1 percent (±15.2 percent) below the February 2013 estimate of 445,000. The median sales price of new houses sold in February 2014 was $261,800; the average sales price was $317,500. The seasonally adjusted estimate of new houses for sale at the end of February was 189,000. This represents a supply of 5.2 months at the current sales rate.