New Home Sales Increased Again In February
According to the U.S. Census Bureau, the median sales price of new houses sold last month was $438,200
According to the U.S. Census Bureau, the median sales price of new houses sold last month was $438,200
New housing construction has not recovered from the Great Recession, resulting in a 3.79 million–unit gap in home production in ...
Construction starts, however, were down 4.5 percent compared to the month prior
Completions, however, were down 8 percent in December
Permitting was also down while completions ticked up more than 10 percent
The median sales price of new houses sold nationally in October 2022 was $493,000
Building permits, however, were down in August according to the U.S. Census and HUD monthly report
Some 55 percent of new construction homes built today face fire risk, while 78 percent face severe storm risks
Permitting also fell in July, though only slightly from the month prior
With just 590,000 units sold last month, the new home market has slumped back to 2018 levels
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