New Single-Family Home Soared Higher in January

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.