Since the launch of Professional Builder’s Daily Feed newsletter on June 4, 2014, I have scanned thousands upon thousands of news stories about or related to home building in some way.
New home sales up nearly 10 percent from 2010
Government reports November seasonally adjusted annual rate of 315,000
Sales of new single-family houses in November 2011 were at a seasonally adjusted annual rate of 315,000, according to estimates released by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 1.6 percent (±12.2%) above the revised October rate of 310,000 and is 9.8 percent (±19.5%) above the November 2010 estimate of 287,000.
The median sales price of new houses sold in November 2011 was $214,100; the average sales price was $242,900. The seasonally adjusted estimate of new houses for sale at the end of November was 158,000. This represents a supply of 6.0 months at the current sales rate.