The US Census released their New Homes Sold Report today.
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.
As usual Calculated Risk has a great post on this report, worth reading.
Below is the Midwest Region New Homes Sold compared the national… Nationally the New Home Sales have been bouncing around, while the Midwest Region is showing a gradual increase with a slight dip in December. Just another barometer to the housing market.
The Midwest Region posted a decline of 2,000 New Homes Sold for December from November 2011. 54,000 New Homes Sold in November and 52,000 New Homes Sold in December. I suspect we will see the gradual increase for the Midwest Region going into 2012, especially since inventory is way down.
- New Home Sales Disappoint, Dropping 2.2% (mortgagenewsdaily.com)