New Dwelling Gross sales Declined 11.0% in November | ABA Banking Journal

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New single-family house gross sales fell to a seasonally adjusted annual fee of 841,000 in November, in line with the U.S. Census Bureau and the Division of Housing and City Improvement. The November degree is 11% under the revised October fee of 945,000 however is 20.8% above the November 2019 estimate.

The median worth of a brand new house $335,300. The typical gross sales worth was $390,100.

On the finish of November, the seasonally adjusted estimated provide on the present gross sales fee was at 4.1 months.

Learn the Census/HUD release.

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