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Monday, February 26, 2024

New Home Sales at 661,000 Annual Rate in January; Median New Home Price is Down 15% from the Peak

by Calculated Risk on 2/26/2024 10:50:00 AM

Today, in the Calculated Risk Real Estate Newsletter: New Home Sales at 661,000 Annual Rate in January

Brief excerpt:

The Census Bureau reports New Home Sales in January were at a seasonally adjusted annual rate (SAAR) of 661 thousand. The previous three months were revised down.
New Home Sales 2023 2024The next graph shows new home sales for 2023 and 2024 by month (Seasonally Adjusted Annual Rate). Sales in January 2024 were up 1.8% from January 2023.
There is much more in the article.