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Economic Indicators Industry Forecasts Industry Statistics

Nov. New Home Sales Down 12.2% from Oct., But Up 1.4% YOY

Nov. New Home Sales Down 12.2% from Oct., But Up 1.4% YOY

Washington, DC, December 22, 2023-Sales of new single‐family houses in November 2023 were at a seasonally adjusted annual rate of 590,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development, 12.2% below the revised October rate of 672,000 but 1.4% above the November 2022 estimate of 582,000.

The median sales price of new houses sold in November 2023 was $434,700. The average sales price was $488,900.

The seasonally‐adjusted estimate of new houses for sale at the end of November was 451,000. This represents a supply of 9.2 months at the current sales rate.

Donato Pompo

Donato Pompo, CTC CMR CSI CDT MBA, is the leading tile and stone forensic expert and consultant in North America, and he is a National Tile Contractors Association Recognized Consultant. Donato is the founder of CTaSC.