The US Census Bureau and the US Department of Housing and Urban Development jointly announced today that sales of new single-family houses in January 2018 were at a seasonally adjusted annual rate of 593,000.
This is 7.8 percent (±19.0 percent) below the revised December rate of 643,000 and is 1.0 percent (±16.4 percent) below the January 2017 estimate of 599,000.
The median sales price of new houses sold in January 2018 was $323,000. The average sales price was $382,700.
The seasonally-adjusted estimate of new houses for sale at the end of January was 301,000. This represents a supply of 6.1 months at the current sales rate.