Sales of new U.S. single‐family houses in February 2024 were at a seasonally adjusted annual rate of 662,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 0.3% below the revised January rate of 664,000, but is 5.9% above the February 2023 estimate of 625,000.
The median sales price of new houses sold in February 2024 was $400,500. The average sales price was $485,000.
The seasonally‐adjusted estimate of new houses for sale at the end of February was 463,000. This represents a supply of 8.4 months at the current sales rate.
Image: the U.S. Census Bureau
