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    Joint Release U.S. Department of Housing and Urban Development

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    Sales of new single-family houses in March 2013 were at a seasonally adjusted annual rate of 417,000, an increase of 1.5% from February 2013. The median sales price in March was $247,000, while the average sales price was $279,900. There were 153,000 new houses for sale in March, representing a 4.4 month supply at the current sales rate.

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    Joint Release U.S. Department of Housing and Urban Development

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    crennydane
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    Sales of new single-family houses in March 2013 were at a seasonally adjusted annual rate of 417,000, an increase of 1.5% from February 2013. The median sales price in March was $247,000, while the average sales price was $279,900. There were 153,000 new houses for sale in March, representing a 4.4 month supply at the current sales rate.

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    Sales of new single-family houses in March 2013 were at a seasonally adjusted annual rate of 417,000, an increase of 1.5% from February 2013. The median sales price in March was $247,000, while the average sales price was $279,900. There were 153,000 new houses for sale in March, representing a 4.4 month supply at the current sales rate.

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    21 views4 pages

    Joint Release U.S. Department of Housing and Urban Development

    Uploaded by

    crennydane
    Sales of new single-family houses in March 2013 were at a seasonally adjusted annual rate of 417,000, an increase of 1.5% from February 2013. The median sales price in March was $247,000, while the average sales price was $279,900. There were 153,000 new houses for sale in March, representing a 4.4 month supply at the current sales rate.

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    of 4

    U.S. Census Bureau News Joint Release U.S.

    Department of Housing and Urban Development


    U.S. Department of Commerce Washington, D.C. 20233
    FOR IMMEDIATE RELEASE TUESDAY, APRIL 23, 2013 AT 10:00 A.M. EDT
    CB13-72 Raemeka Mayo or Stephen Cooper Manufacturing and Construction Division (301) 763-5160

    NEW RESIDENTIAL SALES IN MARCH 2013


    Sales of new single-family houses in March 2013 were at a seasonally adjusted annual rate of 417,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 1.5 percent (16.9%)* above the revised February rate of 411,000 and is 18.5 percent (17.2%) above the March 2012 estimate of 352,000. The median sales price of new houses sold in March 2013 was $247,000; the average sales price was $279,900. The seasonally adjusted estimate of new houses for sale at the end of March was 153,000. This represents a supply of 4.4 months at the current sales rate.
    Researchinpreparationforthemigrationtonewsoftwareforestimatingmedianshasindicatedthatrecentestimatesofthe medianmonthsforsaleinTable3maybeoverstatedbyabouttwotothreemonths.Revisedestimatesofmedianmonthsfor salebacktoJanuary2010willbepublishedwiththeApril2013datareleaseonMay23,2013. New Residential Sales data for April 2013 will be released on Thursday, May 23, 2013, at 10:00 A.M. EDT. Our Internet site is: http://www.census.gov/newhomesales To receive the latest updates on the Nation's key economic indicators, download the America's Economy app for Apple and Android smartphones and tablets.

    EXPLANATORY NOTES
    These statistics are estimated from sample surveys. They are subject to sampling variability as well as nonsampling error including bias and variance from response, nonreporting, and undercoverage. Estimated average relative standard errors of the preliminary data are shown in the tables. Whenever a statement such as 2.5 percent (3.2%) above appears in the text, this indicates the range (-0.7 to +5.7 percent) in which the actual percent change is likely to have occurred. All ranges given for percent changes are 90-percent confidence intervals and account only for sampling variability. If a range does not contain zero, the change is statistically significant. If it does contain zero, the change is not statistically significant; that is, it is uncertain whether there was an increase or decrease. The same policies apply to the confidence intervals for percent changes shown in the tables. Changes in seasonally adjusted statistics often show irregular movement. It takes 3 months to establish a trend for new houses sold. Preliminary new home sales figures are subject to revision due to the survey methodology and definitions used. The survey is primarily based on a sample of houses selected from building permits. Since a sale is defined as a deposit taken or sales agreement signed, this can occur prior to a permit being issued. An estimate of these prior sales is included in the sales figure. On average, the preliminary seasonally adjusted estimate of total sales is revised about 3 percent. Changes in sales price data reflect changes in the distribution of houses by region, size, etc., as well as changes in the prices of houses with identical characteristics. Explanations of confidence intervals and sampling variability can be found on our web site listed above.

    * 90% confidence interval includes zero. The Census Bureau does not have sufficient statistical evidence to conclude that the actual change is different from zero.

    Table 1. New Houses Sold and For Sale


    [Thousands of houses. Detail may not add to total because of rounding.] Sold during period1 NorthMideast west South For sale at end of period NorthMideast west South Seasonally adjusted
    2012: March April May June July August September October November December (r) 2013: January (r) February (r) 352 358 369 360 366 367 379 364 394 390 445 411 31 29 35 16 29 28 38 24 33 29 33 34 42 51 48 49 54 53 35 51 43 47 55 58 199 180 188 187 180 183 211 184 219 217 214 180 80 98 98 108 103 103 95 105 99 97 143 139 145 145 144 145 143 143 145 147 149 150 148 150 4.9 4.9 4.7 4.8 4.7 4.7 4.6 4.8 4.5 4.6 4.0 4.4

    Period

    United States

    West

    United States

    West

    Months' Supply2

    Median sales price ($)

    Average sales price ($)

    March (p)
    Average RSE (%)3

    417
    9

    41
    29

    51
    21

    215
    12

    110
    18

    153
    5

    4.4
    9

    Percent Change: March 2013 from February 2013


    90% Confidence Interval 4

    1.5%
    16.9

    20.6%
    67.7

    -12.1%
    39.4

    19.4%
    33.8

    -20.9%
    18.7

    2.0%
    2.4

    0.0%
    12.9

    March 2013 from March 2012


    90% Confidence Interval 4

    18.5%
    17.2

    32.3%
    54.0

    21.4%
    42.6

    8.0%
    22.4

    37.5%
    33.8

    5.5%
    6.6

    -10.2%
    15.1

    Not seasonally adjusted 2011: 2012:


    306 368 4 87 104 5
    5

    (r)

    21 29 9 7 9 15

    45 47 11 10 12 12

    168 195 6 50 51 9

    72 97 4 21 32 6

    150 148 4 (X) (X) (X) (X) (X) 144 143 144 145 142 145 146 149 150 148 148 149

    19 14 11 (X) (X) (X) (X) (X) 18 16 16 17 16 16 15 15 15 14 14 14

    20 24 11 (X) (X) (X) (X) (X) 19 19 20 20 20 20 21 23 24 24 24 23

    79 79 7 (X) (X) (X) (X) (X) 76 77 77 78 77 79 78 82 81 79 81 84

    32 31 9 (X) (X) (X) (X) (X) 31 30 32 30 29 30 31 30 31 31 30 28

    (X) (X) (X) (X) (X) (X) (X) (X) 4.3 4.2 4.2 4.2 4.3 4.7 4.8 5.2 5.4 5.3 4.7 4.6

    227,200 245,200 3 (X) (X) (X) (X) (X) 239,800 236,400 239,200 232,600 237,400 253,200 254,600 247,200 245,000 258,300 245,400 264,900

    267,900 292,200 2 (X) (X) (X) (X) (X) 283,600 287,900 280,900 271,800 282,300 305,500 297,700 285,400 290,700 299,200 300,300 310,000

    RSE (%) 2012: 2013: Year to Date Year to Date

    RSE (%) Year to Date Percent Change 90% Confidence Interval


    2012: March April May June July August September October November December (r) 2013: January (r) February (r)
    4

    19.6%
    11.4 34 34 35 34 33 31 30 29 28 28 31 33

    30.0%
    29.9 3 3 3 1 3 2 3 2 2 2 2 2

    22.7%
    22.4 4 5 4 5 5 5 3 4 3 3 4 4

    2.9%
    14.7 20 16 18 18 16 14 16 14 17 16 15 14

    54.8%
    21.2 8 10 10 10 9 9 8 8 6 6 10 12

    March (p)
    Average RSE (%)3

    40
    9

    4
    29

    4
    21

    21
    12

    10
    18

    151
    5

    14
    11

    25
    9

    86
    7

    27
    8

    3.8
    9

    247,000
    5

    279,900
    5

    (p) Prelminary.
    1 4

    (r) Revised.

    RSE Relative standard error.

    (X) Not applicable.


    2

    (Z) Less than 500 units or less than 0.5 percent.

    3 Seasonally adjusted houses sold are published at annual rates. Ratio of houses for sale to houses sold. Average RSE for the latest 6-month period. See the Explanatory Notes in the accompanying text for an explanation of 90% confidence intervals. 5 Computed using unrounded data.

    Note: The sales price includes the land.

    Table 2. New Houses Sold, by Sales Price


    [Thousands of houses. Detail may not add to total because of rounding.]

    Period

    Total

    Under $150,000

    $150,000 to $199,999

    $200,000 to $299,999

    $300,000 to $399,999
    1

    $400,000 to $499,999

    $500,000 to $749,999

    $750,000 and over

    Number of houses 2011: 2012:


    RSE (%) 306 368 4 50 46 9 68 74 8 99 120 6

    (r)

    46 63 7

    20 33 9

    17 23 10

    6 9 14

    2012:

    March April May June July August September October November December (r)

    34 34 35 34 33 31 30 29 28 28 31 33

    5 5 4 5 3 3 4 3 4 3 4 3

    7 7 8 8 8 5 6 6 6 5 6 6

    11 11 12 11 11 11 9 10 9 8 11 11

    5 5 5 5 6 5 6 5 5 6 4 6

    3 3 3 3 3 3 3 2 2 3 2 4

    2 2 2 2 1 3 2 1 2 2 2 2

    1 1 1 1 1 (Z) 1 1 (Z) 1 1 1

    2013:

    January (r) February (r)

    March (p)
    Average RSE (%)
    2

    40
    9

    5
    22

    8
    19

    14
    15

    8
    18

    3
    27

    2
    30

    1
    43

    Percent distribution 2011: 2012:


    100 100 16 13 22 20 32 33 15 17 7 9 5 6 2 3

    (r)

    2012:

    March April May June July August September October November December (r)

    100 100 100 100 100 100 100 100 100 100 100 100

    16 15 13 15 10 10 12 11 14 10 13 10

    20 21 22 22 25 18 19 22 20 18 19 17

    33 32 34 33 32 35 31 34 31 30 36 34

    15 15 16 16 17 15 18 18 17 22 14 18

    9 9 9 8 9 11 11 8 7 11 7 11

    5 6 5 5 4 10 6 5 8 5 7 6

    2 3 2 2 2 2 3 2 2 3 3 4

    2013:

    January (r) February (r)

    March (p)
    (p) Prelminary.
    1 2

    100
    (r) Revised. RSE Relative standard error.

    13
    (X) Not applicable.

    19

    36

    19

    (Z) Less than 500 units or less than 0.5 percent.

    Houses for which sales price was not reported have been distributed proportionally to those for which sales price was reported Average RSE for the latest 6-month period.

    Note: The sales price includes the land.

    Table 3. New Houses Sold and For Sale by Stage of Construction and Median Number of Months on Sales Market
    [Thousands of houses. Detail may not add to total because of rounding.] Sold during period Not Under started construction
    306 368 4 34 34 35 34 33 31 30 29 28 28 31 33 75 112 7 11 10 9 11 10 9 10 9 8 9 10 11 91 125 4 10 11 13 13 11 12 11 10 10 9 10 11

    Period Total 2011: 2012:

    Completed
    140 131 5 13 12 12 11 12 10 10 10 10 10 11 11

    Total
    150 148 4 144 143 144 145 142 145 146 149 150 148 148 149

    For sale at end of period Not Under started construction


    23 22 7 25 24 26 23 23 25 22 23 24 22 22 23 68 83 4 70 72 75 79 81 81 85 86 84 83 83 84

    Completed
    59 43 5 49 47 44 42 39 39 39 41 42 43 43 42

    Median months for sale1


    6.7 4.7 8 7.9 7.8 7.7 8.0 8.8 8.3 6.6 6.1 5.3 4.7 4.8 5.0

    (r)

    RSE (%)
    2012: March April May June July August September October November December (r) 2013: January (r) February (r)

    March (p)
    Average RSE (%)
    2

    40
    9

    13
    10

    14
    11

    13
    11

    151
    5

    27
    8

    84
    5

    41
    6

    5.0
    8

    (p) Prelminary.
    1 2

    (r) Revised.

    RSE Relative standard error.

    (X) Not applicable.

    (Z) Less than 500 units or less than 0.5 percent.

    Median number of months for sale since completion. Average RSE for the latest 6-month period.

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