US sales of new single-family houses rose 9.6% in January from revised December rate, 2.2% year-over-year to seasonally adjusted annual rate of 468,000; median sales price of new houses sold in January was US$260,100: Dept. of Commerce

Cindy Allen

WASHINGTON , February 26, 2014 (press release) – Sales of new single-family houses in January 2014 were at a seasonally adjusted annual rate of 468,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 9.6 percent (±17.9%)* above the revised December rate of 427,000 and is 2.2 percent (±20.2%)* above the January 2013 estimate of 458,000.

The median sales price of new houses sold in January 2014 was $260,100; the average sales price was $322,800. The seasonally adjusted estimate of new houses for sale at the end of January was 184,000. This represents a supply of 4.7 months at the current sales rate.

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