National residential new home sales; October 2020

FOR RELEASE AT 10:00 AM EST, WEDNESDAY, NOVEMBER 25, 2020
MONTHLY NEW RESIDENTIAL SALES, OCTOBER 2020
Release Number: CB20-177
November 25, 2020 – The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly
announced the following new residential sales statistics for October 2020:
NEW RESIDENTIAL
SALES
OCTOBER 2020
New Houses Sold1: 999,000
New Houses For Sale2: 278,000
Median Sales Price: $330,600
Next Release: December 23, 2020
1Seasonally Adjusted Annual Rates
2Seasonally Adjusted
Source: U.S. Census Bureau, HUD, November 25, 2020
New Home Sales
Sales of new single-family houses in October 2020 were at a seasonally adjusted annual rate of 999,000, according
to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban
Development. This is 0.3 percent (±13.6 percent)* below the revised September rate of 1,002,000, but is 41.5
percent (±22.6 percent) above the October 2019 estimate of 706,000.
Sales Price
The median sales price of new houses sold in October 2020 was $330,600. The average sales price was $386,200.
For Sale Inventory and Months’ Supply
The seasonally-adjusted estimate of new houses for sale at the end of October was 278,000. This represents a
supply of 3.3 months at the current sales rate.
The November report is scheduled for release on December 23, 2020. View the full schedule in the Economic
Briefing Room: www.census.gov/economic-indicators/. The full text and tables for this release can be found at
www.census.gov/construction/nrs/.