The U.S. Census Bureau and the Department of Housing and Urban Development are jointly reporting that the sales of new single-family houses in October 2020 were at a seasonally adjusted annual rate of 999,000. This is -0.3% below the revised September rate of 1,002,000 but is 41.5% above the October 2019 estimate of 706,000. The median sales price of new houses sold in October 2020 was $330,600. The average sales price was $386,200. The seasonally adjusted estimate of new houses for sale at the end of October was 278,000. This represents a supply of 3.3 months at the current sales rate.
FEA compiles the Wood Markets News from various 3rd party sources to provide readers with the latest news impacting forest product markets. Opinions or views expressed in these articles do not necessarily represent those of FEA.
MONTHLY NEW RESIDENTIAL SALES, OCTOBER 2020