The U.S. Census Bureau and the U.S. Department of Housing and Urban Development are reporting that the Sales of new single‐family houses in January 2020 were at a seasonally adjusted annual rate of 764,000. This is 7.9% above the revised December rate of 708,000 and is 18.6% above the January 2019 estimate of 644,000. The seasonally‐adjusted estimate of new houses for sale at the end of January was 324,000. This represents a supply of 5.1 months at the current sales rate.
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MONTHLY NEW RESIDENTIAL SALES, JANUARY 2020