Industry News

New-home sales edge down in December

Midwest sees jump in purchases

Don't miss the real estate event of the summer
Join 4,000 real estate pros at Connect SF, Aug 7‑11, 2017

Sales of new one-family houses in December 2004 were at a seasonally adjusted annual rate of 1,098,000, approximately 2 percent below the estimate for December 2003, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development announced today. The seasonally adjusted annual rate projects a monthly total over a 12-month period. The December rate is approximately 0.1 percent above the revised November rate of 1,097,000. The median sales price of new houses sold in December 2004 was $222,000; the average sales price was $276,600. The seasonally adjusted estimate of new houses for sale at the end of December was 432,000. This represents a supply of 4.8 months at the current sales rate. In 2004, there were 1,183,000 houses sold compared with 1,086,000 houses sold during 2003, establishing a new record. This is an increase of approximately 8.9 percent. The number of homes sold and for sale dropped approximately 23.9 percent in the Northeast from December 2003 to December...