Single-family home sales climb 4.3 percent in November.
Rate trends 9.1 percent above November 2014.
Sales of new single-family houses in November 2015 were at a seasonally adjusted annual rate of 490,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development.
This is 4.3 percent (±11.9%)* above the revised October rate of 470,000 and is 9.1 percent (±20.9%)* above the November 2014 estimate of 449,000. However, the November rate of growth was less than expected, leading some to suspect a slowdown in the making. New home sales represent about 9.3 percent of the total housing market.
The median sales price of new houses sold in November 2015 was $305,000; the average sales price was $374,900. The seasonally adjusted estimate of new houses for sale at the end of November was 232,000. This represents a supply of 5.7 months at the current sales rate.
CONTRACTOR SUPPLY MAGAZINE
The April/May 2024 issue of Contractor Supply magazine is here!
This digital edition is sponsored by BECK AMERICA Inc.
Our cover story, Masters of Fasteners, visits Interstate Screw Corp. of metro Miami, which serves the fastening needs of south Florida, the Caribbean and Central and South America.
Also in this issue,our Industry Updates cover Adhesives, Tapes and Sealants, Anchoring Systems and Safety and PPE.
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