[Tables and Graph Below ]
Erica Filipek or Raemeka Mayo
Manufacturing and Construction Division
(301) 763-5160
NEW RESIDENTIAL SALES IN NOVEMBER 2007
Sales of new one-family houses in November 2007 were at a seasonally adjusted annual rate of 647,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 9.0 percent (±13.9%)* below the revised October rate of 711,000 and is 34.4 percent (±7.9%) below the November 2006 estimate of 987,000.
The median sales price of new houses sold in November 2007 was $239,100; the average sales price was $293,300. The seasonally adjusted estimate of new houses for sale at the end of November was 505,000. This represents a supply of 9.3 months at the current sales rate.
New Residential Sales data for December 2007 will be released on Monday, January 28, 2008, at 10:00 A.M. EST. Our Internet site is: http://www.census.gov/newhomesales
EXPLANATORY NOTES
* 90% confidence interval includes zero. The Census Bureau does not have sufficient statistical evidence to conclude that the actual change is different from zero.
source: 28dec2007
Table 1. New Houses Sold and
For Sale
[Thousands of houses. Detail may
not add to total because of rounding]
|
Period |
Sold during period1 |
For sale at end of period |
|
Median |
Average |
|||||||||
|
United |
North- |
Mid- |
|
|
United |
North- |
Mid- |
|
|
Months' |
sales |
sales |
||
|
States |
east |
west |
South |
West |
States |
east |
west |
South |
West |
supply2 |
price ($) |
price ($) |
||
|
|
|
Seasonally adjusted |
||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2006: |
November |
987 |
64 |
150 |
536 |
237 |
542 |
|
|
|
|
6.5 |
|
|
|
December |
1,019 |
73 |
181 |
518 |
247 |
535 |
|
|
|
|
6.2 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2007: |
January |
890 |
62 |
166 |
492 |
170 |
536 |
|
|
|
|
7.2 |
|
|
|
February |
840 |
46 |
127 |
462 |
205 |
544 |
|
|
|
|
8.1 |
|
|
|
|
March |
830 |
82 |
126 |
421 |
201 |
548 |
|
|
|
|
8.3 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
April |
907 |
82 |
121 |
495 |
209 |
547 |
|
|
|
|
7.4 |
|
|
|
|
May |
861 |
84 |
141 |
435 |
201 |
543 |
|
|
|
|
7.7 |
|
|
|
|
June |
797 |
65 |
113 |
442 |
177 |
541 |
|
|
|
|
8.3 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
July |
796 |
47 |
105 |
429 |
215 |
538 |
|
|
|
|
8.3 |
|
|
|
|
Augustr |
701 |
59 |
121 |
366 |
155 |
533 |
|
|
|
|
9.4 |
|
|
|
|
Septemberr |
699 |
62 |
104 |
356 |
177 |
527 |
|
|
|
|
9.2 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Octoberr |
711 |
57 |
127 |
376 |
151 |
514 |
|
|
|
|
8.8 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Novemberp |
647 |
46 |
92 |
352 |
157 |
505 |
|
|
|
|
9.3 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Average RSE (%)3 |
7 |
21 |
16 |
10 |
11 |
4 |
|
|
|
|
6 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Percent Change: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
November 2007 from October 2007 |
-9.0% |
-19.3% |
-27.6% |
-6.4% |
4.0% |
-1.8% |
|
|
|
|
5.7% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
90% Confidence Interval4 |
± 13.9 |
± 42.5 |
± 17.8 |
± 22.9 |
± 18.7 |
± 0.8 |
|
|
|
|
± 20.0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
November 2007 from November 2006 |
-34.4% |
-28.1% |
-38.7% |
-34.3% |
-33.8% |
-6.8% |
|
|
|
|
43.1% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
90% Confidence Interval4 |
± 7.9 |
± 28.3 |
± 21.8 |
± 13.4 |
± 14.2 |
± 2.7 |
|
|
|
|
± 17.4 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Not seasonally adjusted |
|||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2005: |
|
1,283 |
81 |
205 |
638 |
358 |
515 |
47 |
109 |
249 |
109 |
(X) |
240,900 |
297,000 |
|
2006: |
|
1,051 |
63 |
161 |
559 |
267 |
537 |
54 |
97 |
267 |
119 |
(X) |
246,500 |
305,900 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
RSE (%) |
3 |
8 |
9 |
4 |
4 |
3 |
12 |
8 |
5 |
7 |
(X) |
3 |
2 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2006: |
Year to Date |
980 |
58 |
150 |
520 |
251 |
(X) |
(X) |
(X) |
(X) |
(X) |
(X) |
(X) |
(X) |
|
2007: |
Year to Date |
731 |
60 |
114 |
385 |
173 |
(X) |
(X) |
(X) |
(X) |
(X) |
(X) |
(X) |
(X) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
RSE (%) |
3 |
10 |
9 |
4 |
5 |
(X) |
(X) |
(X) |
(X) |
(X) |
(X) |
(X) |
(X) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year to Date Percent Change5 |
-25.4% |
2.8% |
-24.2% |
-26.0% |
-31.3% |
(X) |
(X) |
(X) |
(X) |
(X) |
(X) |
(X) |
(X) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
90% Confidence Interval4 |
± 2.5 |
± 13.0 |
± 5.9 |
± 3.9 |
± 4.3 |
(X) |
(X) |
(X) |
(X) |
(X) |
(X) |
(X) |
(X) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2006: |
November |
71 |
5 |
11 |
39 |
16 |
548 |
54 |
102 |
273 |
119 |
7.8 |
240,100 |
291,800 |
|
December |
71 |
5 |
12 |
39 |
15 |
537 |
54 |
97 |
267 |
119 |
7.6 |
244,700 |
301,900 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2007: |
January |
66 |
4 |
11 |
38 |
13 |
539 |
55 |
94 |
267 |
123 |
8.2 |
254,400 |
314,600 |
|
February |
68 |
4 |
10 |
36 |
18 |
540 |
54 |
90 |
272 |
124 |
8.0 |
250,800 |
321,500 |
|
|
March |
80 |
7 |
12 |
40 |
21 |
542 |
52 |
87 |
276 |
127 |
6.8 |
262,600 |
329,400 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
April |
83 |
9 |
11 |
43 |
20 |
542 |
52 |
87 |
274 |
129 |
6.5 |
242,500 |
311,700 |
|
|
May |
79 |
8 |
14 |
39 |
19 |
544 |
52 |
85 |
276 |
131 |
6.9 |
245,000 |
309,700 |
|
|
June |
73 |
6 |
11 |
41 |
15 |
543 |
51 |
85 |
273 |
134 |
7.5 |
235,500 |
306,500 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
July |
68 |
4 |
9 |
36 |
18 |
538 |
52 |
83 |
271 |
131 |
8.0 |
246,200 |
307,100 |
|
|
Augustr |
60 |
5 |
11 |
31 |
13 |
538 |
52 |
82 |
272 |
132 |
8.9 |
236,500 |
301,300 |
|
|
Septemberr |
54 |
5 |
8 |
27 |
14 |
527 |
50 |
80 |
271 |
126 |
9.8 |
237,700 |
290,700 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Octoberr |
55 |
4 |
10 |
29 |
12 |
|||||||||