U.S. December New Housing Sales Report (Text)
Following is the text of the new home sales report from the Commerce Department.
Sales of new single-family houses in December 2011 were at a seasonally adjusted annual rate of 307,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 2.2 percent (+/-13.2%)* below the revised November rate of 314,000 and is 7.3 percent (+/- 16.6%)* below the December 2010 estimate of 331,000.
The median sales price of new houses sold in December 2011 was $210,300; the average sales price was $266,000. The seasonally adjusted estimate of new houses for sale at the end of December was 157,000. This represents a supply of 6.1 months at the current sales rate.
An estimated 302,000 new homes were sold in 2011. This is 6.2 percent (+/-3.6%) below the 2010 figure of 323,000.
New Residential Sales data for January 2012 will be released on Friday, February 24, 2012, at 10:00 A.M. EST.
* 90% confidence interval includes zero. The Census Bureau does not have sufficient statistical evidence to conclude that the actual change is different from zero.
SOURCE: U.S. Commerce Department. http://www.census.gov/newhomesales
To contact the reporter on this story: Chris Middleton in Washington at cmiddleton2@bloomberg.net
To contact the editor responsible for this story: Marco Babic at mbabic@bloomberg.net
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