Single-Family Housing Construction Up 11.3 Percent
Completions, however, were down 8 percent in December
Completions, however, were down 8 percent in December
The average sales price was $543,600 in November
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
The U.S. Census Bureau reports August sales hit 685,000 units
Building permits, however, were down in August according to the U.S. Census and HUD monthly report
Compared to July 2021, the new home market was down 29.6 percent
With just 590,000 units sold last month, the new home market has slumped back to 2018 levels
According to the U.S. Census Bureau, 696,000 new homes sold in May
Building permits, starts and completions were all down month-over-month while some segments saw annual increases
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