Press Release
☷HUD AND CENSUS BUREAU REPORT NEW RESIDENTIAL SALES IN FEBRUARY 2024
U.S. Department of Housing and Urban Development ( By Press Release office)
Apr 05,2024
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Hey , just wanted to give you a quick update on the latest residential sales stats for February 2024 . According to HUD and the Census Bureau , sales of new single - family houses were at a rate of 662 , 000 , just slightly below January ' s rate . The median sales price was $400 , 500 and there ' s about an 8 . 4 month supply of new houses for sale . The next report will be out on April 23 , 2024 . Check out the full schedule at www . census . gov/economic - indicators . Just a heads up that these stats are based on sample surveys and may be subject to some error . And remember , it usually takes about 3 months to spot a trend in new home sales . You can find explanations about confidence intervals and sampling variability on the Census Bureau ' s website . If the 90 percent confidence interval includes zero , it means there isn ' t enough statistical evidence to prove that the actual change is different from zero . The Census Bureau has reviewed the SOC monthly and quarterly tables to protect the confidential source data . Starting from April 2024 , there will be updates to the sales price range groups in the related Census table to better reflect the current distribution of new home prices . New price groupings will also be introduced in the Census ' time series file . Example tables with the new price groups are available on the Census website . Data from January 2020 to March 2024 will be recalculated and released with the new price groupings , while data from 2002 to 2019 will be archived with the former price groupings . Additionally , there will be revisions to the "Quarterly Sales by Price and Financing , " the price index for "Quarterly Single - Family Houses Sold , " and all tables containing historical median and average sales price data between January 2020 and March 2024 .
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