MONTHLY NEW RESIDENTIAL SALES, AUGUST 2017

Transcription

1 FOR RELEASE AT 10:00 AM EDT, TUESDAY, SEPTEMBER 26, MONTHLY NEW RESIDENTIAL SALES, AUGUST Release Number: CB Notice: For information on the impact of Hurricanes Harvey and Irma on the compilation of this report, please see the Frequently Asked Questions (FAQs) on our website. Median and average s in Table 1 and distributions in Table 2 have been corrected for October 2014 through January to include additional response data that had been omitted from previously tabulated estimates. Monthly median and average prices were revised downward about 1.2% on average. U.S. total quarterly and annual prices had somewhat larger downward revisions of up to 4.2%. All corrected estimates are available on our website. September 26, - The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential sales statistics for August : NEW RESIDENTIAL SALES AUGUST 800 New Residential Sales (Seasonally Adjusted Annual Rate) New Houses Sold 1 : 560,000 New Houses For Sale 2 : 284,000 Median Sales Price: $300,200 Next Release: October 25, 1 Seasonally Adjusted Annual Rates 2 Seasonally Adjusted Source: U.S. Census Bureau, HUD, September 26, Thousands of Units Houses Sold 0 Aug-12 Aug-13 Aug-14 Aug-15 Aug-16 Aug-17 Source: U.S. Census Bureau, HUD, September 26, New Home Sales Sales of new single-family houses in August were at a seasonally adjusted annual rate of 560,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 3.4 percent (±13.0 percent)* below the revised July rate of 580,000 and is 1.2 percent (±18.5 percent)* below the August estimate of 567,000. Sales Price The median of new houses sold in August was $300,200. The average was $368,100. For Sale Inventory and Months Supply The seasonally-adjusted estimate of new houses for sale at the end of August was 284,000. This represents a supply of 6.1 months at the current sales rate. Data Inquiries Media Inquiries Economic Indicators Division, Residential Construction Branch Public Information Office eid.rcb@census.gov pio@census.gov

2 The September report is scheduled for release on October 25,. View the full schedule in the Economic Briefing Room: < The full text and tables for this release can be found at < EXPLANATORY NOTES These statistics are estimated from sample surveys. They are subject to sampling variability as well as nonsampling error including bias and variance from response, nonreporting, and undercoverage. Estimated average relative standard errors of the preliminary data are shown in the tables. Whenever a statement such as 2.5 percent (±3.2%) above appears in the text, this indicates the range (-0.7 to +5.7 percent) in which the actual percent change is likely to have occurred. All ranges given for percent changes are 90-percent confidence intervals and account only for sampling variability. If a range does not contain zero, the change is statistically significant. If it does contain zero, the change is not statistically significant; that is, it is uncertain whether there was an increase or decrease. The same policies apply to the confidence intervals for percent changes shown in the tables. Changes in seasonally adjusted statistics often show irregular movement. It takes 6 months to establish a trend for new houses sold. Preliminary new home sales figures are subject to revision due to the survey methodology and definitions used. The survey is primarily based on a sample of houses selected from building permits. Since a sale is defined as a deposit taken or sales agreement signed, this can occur prior to a permit being issued. An estimate of these prior sales is included in the sales figure. On average, the preliminary seasonally adjusted estimate of total sales is revised about 3 percent. Changes in data reflect changes in the distribution of houses by region, size, etc., as well as changes in the prices of houses with identical characteristics. Explanations of confidence intervals and sampling variability can be found on our website. < API The Census Bureau s application programming interface lets developers create custom apps to reach new users and makes key demographic, socio-economic and housing statistics more accessible than ever before. < ### * The 90 percent confidence interval includes zero. In such cases, there is insufficient statistical evidence to conclude that the actual change is different from zero. Data Inquiries Media Inquiries Economic Indicators Division, Residential Construction Branch Public Information Office eid.rcb@census.gov pio@census.gov

3 New Privately Owned Houses Sold and For Sale Table 1a Seasonally adjusted For sale at end of period August X X X X 5.1 X X September X X X X 5.1 X X October X X X X 5.2 X X November X X X X 5.1 X X December X X X X 5.6 X X January X X X X 5.2 X X February X X X X 5.1 X X March X X X X 5.0 X X April X X X X 5.4 X X May (r) X X X X 5.4 X X June (r) X X X X 5.3 X X July (r) X X X X 5.7 X X August (p) X X X X 6.1 X X. Average RSE (%) X X X X 7 X X Percent Change 4 Aug. from Jul % 2.6% 0.0% 4.7% 2.7% 3.6% X X X X 7.0% X X. 90 percent confidence interval ± 13.0 ± 41.7 ± 38.8 ± 21.1 ± 23.8 ± 1.5 X X X X ± 17.6 X X Aug. from Aug % 65.2% 4.5% 9.2% 4.3% 17.8% X X X X 19.6% X X. 90 percent confidence interval ± 18.5 ± 66.9 ± 35.9 ± 27.1 ± 28.2 ± 4.5 X X X X ± 22.1 X X Table 1b Not seasonally adjusted Sold during period 1 Sold during period For sale at end of period 2015 Annual X 294, ,700 Annual X 307, ,900. RSE (%) X 3 3 Year to date X X X X X X X X Year to date X X X X X X X X. RSE (%) X X X X X X X X Year to date percent change⁴ % 24.5% 4.9% 3.7% 13.7% X X X X X X X X. 90 percent confidence interval ± 5.4 ± 23.0 ± 8.7 ± 7.7 ± 9.5 X X X X X X X X August , ,100 September , ,100 October , ,200 November , ,400 December , ,500 January , ,700 February , ,500 March , ,400 April , ,800 May (r) , ,400 June (r) , ,500 July (r) , ,300 August (p) , ,100. Average RSE (%) Seasonally adjusted houses sold are published at annual rates 2 Ratio of houses for sale to houses sold 3 Average relative standard error for the latest 6 month period 4 Computed using unrounded data 5 See the Explanatory Notes in the accompanying text for an explantion of 90 percent confidence intervals Months' supply 2 Months' supply Median Median Average Average Source: U.S. Census Bureau and U.S. Department of Housing and Urban Development, New Residential Sales, September 26,.

4 New Privately Owned Houses Sold, by Sales Price Table 2a Number of Houses 1 to $199,999 $200,000 to $299,999 Price Ranges $300,000 to $399,999 $400,000 to $499,999 $500,000 to $749,000 $750,000 and over 2015 Annual Annual RSE (%) August September October November December January February March April May (r) June (r) July (r) August (p) Average RSE (%) Table 2b Percent Distribution Total Total to $199,999 $200,000 to $299,999 Price Ranges $300,000 to $399,999 $400,000 to $499,999 $500,000 to $749,000 $750,000 and over 2015 Annual Annual SE (%) X August September October November December January February March April May (r) June (r) July (r) August (p) SE (%) X Houses for which was not reported have been distributed proportionally to those for which was reported 2 Average relative standard error for the latest 6 month period Source: U.S. Census Bureau and U.S. Department of Housing and Urban Development, New Residential Sales, September 26,.

5 New Houses Sold and For Sale by Stage of Construction and Median Number of Months on Sales Market Table 3a Seasonally adjusted Sold during period 1 For sale at end of period Median months for Total Not started construction Completed Total Not started construction Completed sale 2 August X September X October X November X December X January X February X March X April X May (r) X June (r) X July (r) X August (p) X. Average RSE (%) X Table 3b Not seasonally adjusted Sold during period For sale at end of period Median months for Total Not started construction Completed Total Not started construction Completed sale Annual Annual RSE (%) August September October November December January February March April May (r) June (r) July (r) August (p) Average RSE (%) Seasonally adjusted houses sold are published at annual rates 2 Median number of months for sale since completion 3 Average relative standard error for the latest 6 month period Source: U.S. Census Bureau and U.S. Department of Housing and Urban Development, New Residential Sales, September 26,.