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November saw a 12% increase in U.S. new home sales

Posted on December 27, 2021   |  

  • US new home sales grew 12.4% in November at a seasonally adjusted annual rate of 744,000, up from 662,000 in the previous month.
  • Sales were below expectations as projected new home sales were due at a seasonally adjusted annual rate of 766,000 in November.
  • In October, the average sales price of new houses was $416,900 but between October and November, new home sales fell by 8.5%, equal to a 6½-month supply.
  • The housing sector remains strong but compared to 2020 sales are down 14%.