Permits, Housing Starts And Completions All Rise In February Report
Privately‐owned housing completions last month were up 19.7 percent from January
Privately‐owned housing completions last month were up 19.7 percent from January
The median national sales price of new houses sold last month was $420,700
The highest share of any quarter on record is 34.5 percent in the first quarter of 2022
Builder sentiment also improves as rates decline
New single-family home sales were up an estimated 3.7 percent last month
The median sales price of new houses sold in June 2023 was $415,400, while the average sales price was $494,700
Year-over-year, new construction sales were up 20 percent compared to May 2022
Sales of new homes have had a strong start in 2023 but construction appears to be slowing
Compared to July 2021, the new home market was down 29.6 percent
Newly constructed homes for sale at of the month represented a 6.5 month supply
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