New Home Sales Drop Monthly, Annually

Sales of new one-family houses in November 2009 were down (seasonally adjusted annual rate) This is 11.3% (±11.0%) below the revised October rate, and is off 9.0% (±15.3%)* below the November 2008.

The median sales price of new houses sold in November 2009 was $217,400; the average sales price was $280,300. Current inventory is a 7.9 month supply.

As I have warned many times in the past (see this from 2005), New Home Sales are highly volatile (primarily) self reported data, and subject to significant swings.


Charts courtesy of Calculated RIsk


New Home Sales Data: Don’t rely On Them Either (November 30th, 2005)

New Home Sales in November 2009
U.S. Census Bureau and the Dept of Housing and Urban Development, December 23 2009

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