US sales of new single‐family houses in January 2024 were at a seasonally adjusted annual rate of 661,000, according to estimates released jointly today by the US Census Bureau and the Department of Housing and Urban Development.
This is 1.5 percent (±19.9 percent) above the revised December rate of 651,000 and is 1.8 percent (±19.4 percent) above the January 2023 estimate of 649,000.
The median sales price of new houses sold in January 2024 was $420,700. The average sales price was $534,300.
The seasonally‐adjusted estimate of new houses for sale at the end of January was 456,000. This represents a supply of 8.3 months at the current sales rate.