Sales of new single‐family houses in the United States landed at a seasonally adjusted annual rate of 676,000, according to the Census Bureau and the Department of Housing and Urban Development report published on Tuesday.
The figure increased by 1.8% month on month and was 5.1% higher compared to the same period last year.
For the reported month, the median sales prices of new houses were valued at $414,500. At the same time, the average sales price stood at $487,100. The seasonally-adjusted estimate of new houses for sale in February came in at 500,000. The value translates to a supply of 8.9 months at the current rate of sales.
