MONTHLY RESIDENTIAL SALES, AUGUST 2021

FOR RELEASE AT 10:00 AM EDT, WEDNESDAY, JULY 24, 2024

MONTHLY NEW RESIDENTIAL SALES, JUNE 2024

Release Number: CB24-121

July 24, 2024 - The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly

announced the following new residential sales statistics for June 2024:

1

New Houses Sold :

New Houses For Sale2:

Median Sales Price:

617,000

476,000

$417,300

Next Release: August 23, 2024

New Residential Sales

1,200

(Seasonally Adjusted Annual Rate)

1,000

Thousands of Units

NEW RESIDENTIAL

SALES

JUNE 2024

800

600

400

200

Houses Sold

1

Seasonally Adjusted Annual Rate (SAAR)

2

Seasonally Adjusted

Source: U.S. Census Bureau, HUD, July 24, 2024

0

Jun-19

Jun-20

Jun-21

Jun-22

Jun-23

Jun-24

Source: U.S. Census Bureau, HUD, July 24, 2024

New Home Sales

Sales of new single-family houses in June 2024 were at a seasonally adjusted annual rate of 617,000, according to

estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development.

This is 0.6 percent (¡À14.6 percent)* below the revised May rate of 621,000 and is 7.4 percent (¡À15.2 percent)* below

the June 2023 estimate of 666,000.

Sales Price

The median sales price of new houses sold in June 2024 was $417,300. The average sales price was $487,200.

For Sale Inventory and Months¡¯ Supply

The seasonally-adjusted estimate of new houses for sale at the end of June was 476,000. This represents a supply of

9.3 months at the current sales rate.

The July report is scheduled for release on August 23, 2024. View the full schedule in the Economic Briefing Room:

. The full text and tables for this release can be found at

.

Data Inquiries

Economic Indicators Division, Residential Construction Branch

301-763-5160

eid.rcb.customer.service@

Media Inquiries

Public Information Office

301-763-3030

pio@

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

(¡À3.2%) 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 3 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 3.2 percent.

Changes in sales price 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.

The Census Bureau has reviewed SOC monthly and quarterly tables to ensure appropriate access, use, and disclosure

avoidance protection of the confidential source data (Disclosure Review Board (DRB) approval number: CBDRBFY23-0307).

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.

FRED Mobile App

Receive the latest updates on the nation¡¯s key economic indicators by downloading the

FRED App for both Apple and Android devices.

FRED, the signature database of the Federal Reserve Bank of St. Louis, now incorporates

the Census Bureau¡¯s 13 economic indicators.

###

* 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

Economic Indicators Division, Residential Construction Branch

301-763-5160

eid.rcb.customer.service@

Media Inquiries

Public Information Office

301-763-3030

pio@

New Privately-Owned Houses Sold and For Sale

(Thousands of Units. Detail may not add to total because of rounding.)

Table 1a - Seasonally adjusted

1

Period

United

States

Sold during period

NorthMideast

west

South

For sale at end of period

NorthMideast

west

South

Average

Median

Months' sales price sales price

West supply2

($)

($)

West

United

States

427

416

389

416

422

367

421

145

178

163

175

154

138

144

428

427

428

435

442

450

449

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

7.7

7.3

7.9

7.5

7.9

8.8

8.2

X

X

X

X

X

X

X

X

X

X

X

X

X

X

81

74

82

90

87

81

22

367

368

395

451

374

375

16

162

158

164

157

147

149

13

461

465

466

467

472

476

5

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

8.3

8.7

8.2

7.7

9.1

9.3

13

X

X

X

X

X

X

X

X

X

X

X

X

X

X

-6.9%

¡À 30.0

32.8%

¡À 46.4

0.3%

¡À 24.6

-12.2%

¡À 21.6

1.4%

¡À 23.6

2.8%

¡À 28.9

0.8%

¡À 1.6

11.2%

¡À 9.7

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

2.2%

¡À 17.5

20.8%

¡À 25.7

X

X

X

X

X

X

X

X

West

United

States

2023

June . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

July . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

August . . . . . . . . . . . . . . . . . . . . . . . . . . . .

September . . . . . . . . . . . . . . . . . . . . . . . .

October . . . . . . . . . . . . . . . . . . . . . . . . . . .

November . . . . . . . . . . . . . . . . . . . . . . . . .

December . . . . . . . . . . . . . . . . . . . . . . . . .

666

700

652

694

673

611

654

33

30

36

36

34

26

27

61

76

64

67

63

80

62

2024

January . . . . . . . . . . . . . . . . . . . . . . . . . . .

February . . . . . . . . . . . . . . . . . . . . . . . . . .

March (r) . . . . . . . . . . . . . . . . . . . . . . . . . .

April (r) . . . . . . . . . . . . . . . . . . . . . . . . . . .

May (r) . . . . . . . . . . . . . . . . . . . . . . . . . . .

June (p) . . . . . . . . . . . . . . . . . . . . . . . . . .

3

. Average RSE (%) . . . . . . . . . . . . . . . . .

664

643

683

730

621

617

10

54

43

42

32

13

12

26

Percent Change4

Jun. 2024 from May. 2024 . . . . . . . . . . . -0.6%

5

. 90 percent confidence interval . . . . . . ¡À 14.6

Jun. 2024 from Jun. 2023 . . . . . . . . . . . . -7.4%

5

. 90 percent confidence interval . . . . . . ¡À 15.2

-7.7%

¡À 58.7

-63.6%

¡À 15.9

Table 1b - Not seasonally adjusted

Period

United

States

Sold during period

NorthMideast

west

South

For sale at end of period

NorthMideast

west

South

Median

Average

Months' sales price sales price

West supply

($)

($)

2022 Annual . . . . . . . . . . . . . . . . . . . . . . .

2023 Annual . . . . . . . . . . . . . . . . . . . . . . .

. RSE (%) . . . . . . . . . . . . . . . . . . . . . . . . . .

641

666

4

33

33

24

66

68

12

392

412

5

150

153

6

455

450

3

33

31

15

45

44

15

271

268

6

106

107

6

X

X

X

434,500

428,600

4

521,500

514,000

3

2023 Year to date . . . . . . . . . . . . . . . . . .

2024 Year to date . . . . . . . . . . . . . . . . . .

. RSE (%) . . . . . . . . . . . . . . . . . . . . . . . . . .

358

356

5

19

18

17

37

47

15

222

207

7

80

85

6

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

Year to date percent change? . . . . . . . .

5

. 90 percent confidence interval . . . . . .

-0.5%

¡À 6.4

-5.5%

¡À 33.3

25.5%

¡À 19.8

-6.7%

¡À 9.2

5.7%

¡À 11.2

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

X

2023

June . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

July . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

August . . . . . . . . . . . . . . . . . . . . . . . . . . . .

September . . . . . . . . . . . . . . . . . . . . . . . .

October . . . . . . . . . . . . . . . . . . . . . . . . . . .

November . . . . . . . . . . . . . . . . . . . . . . . . .

December . . . . . . . . . . . . . . . . . . . . . . . . .

58

60

52

55

50

42

49

3

2

3

3

2

2

2

5

7

5

5

4

5

4

37

35

31

33

32

26

33

13

15

13

14

12

10

10

433

429

435

440

450

456

450

35

36

29

30

32

32

31

44

42

43

44

45

45

44

250

249

260

265

270

274

268

104

102

103

101

104

104

107

7.5

7.2

8.4

8.0

8.9

10.9

9.2

417,600

435,800

440,900

426,100

417,500

429,600

418,300

507,800

507,600

530,400

515,000

498,800

489,000

493,000

2024

January . . . . . . . . . . . . . . . . . . . . . . . . . . .

February . . . . . . . . . . . . . . . . . . . . . . . . . .

March (r) . . . . . . . . . . . . . . . . . . . . . . . . . .

April (r) . . . . . . . . . . . . . . . . . . . . . . . . . . .

May (r) . . . . . . . . . . . . . . . . . . . . . . . . . . .

June (p) . . . . . . . . . . . . . . . . . . . . . . . . . .

3

. Average RSE (%) . . . . . . . . . . . . . . . . .

58

58

65

65

56

53

10

5

4

4

3

1

1

26

7

7

8

9

9

7

22

32

33

38

39

33

32

16

14

14

15

14

13

14

13

458

457

455

459

469

475

5

30

26

24

25

26

28

15

43

43

42

42

42

43

14

277

279

279

282

290

293

8

108

109

109

110

111

111

4

7.9

7.8

7.0

7.1

8.3

8.9

13

430,400

420,900

436,400

413,600

407,100

417,300

5

527,800

509,700

522,500

499,200

504,500

487,200

4

p Preliminary

r Revised

S Does not meet publication standards because tests for identifiable and stable seasonality do not meet reliability standards

X Not applicable

1

2

3

4

5

Seasonally-adjusted houses sold are published at annual rates

Ratio of houses for sale to houses sold

Average relative standard error for the latest 6-month period

Computed using unrounded data

See the Explanatory Notes in the accompanying text for an explantion of 90 percent confidence intervals

Source: U.S. Census Bureau and U.S. Department of Housing and Urban Development, New Residential Sales, July 24, 2024.

Additional information on the survey methodology may be found at .

New Privately-Owned Houses Sold, by Sales Price

(Thousands of Units. Detail may not add to total because of rounding.)

Table 2a - Number of Houses 1

Period

Total

Under

$300,000

$300,000

to $399,999

$400,000

to $499,999

Price Ranges

$500,000

to $599,999

$600,000

to $799,999

$800,000

to $999,999

$1,000,000

and over

2022 Annual . . . . . . . . . . . . . . . . . . . . . . .

2023 Annual . . . . . . . . . . . . . . . . . . . . . . .

. RSE (%) . . . . . . . . . . . . . . . . . . . . . . . . . .

641

666

3

87

92

14

184

192

11

127

134

7

91

97

25

89

84

26

28

33

14

35

35

13

2023

June . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

July . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

August . . . . . . . . . . . . . . . . . . . . . . . . . . . .

September . . . . . . . . . . . . . . . . . . . . . . . .

October . . . . . . . . . . . . . . . . . . . . . . . . . . .

November . . . . . . . . . . . . . . . . . . . . . . . . .

December . . . . . . . . . . . . . . . . . . . . . . . . .

58

60

52

55

50

42

49

8

8

6

8

7

7

7

18

16

13

16

16

10

15

12

16

11

10

9

10

9

7

9

8

9

7

7

7

7

6

7

6

7

6

7

2

2

4

2

2

2

2

4

4

2

3

2

1

2

2024

January . . . . . . . . . . . . . . . . . . . . . . . . . . .

February . . . . . . . . . . . . . . . . . . . . . . . . . .

March (r) . . . . . . . . . . . . . . . . . . . . . . . . . .

April (r) . . . . . . . . . . . . . . . . . . . . . . . . . . .

May (r) . . . . . . . . . . . . . . . . . . . . . . . . . . .

June (p) . . . . . . . . . . . . . . . . . . . . . . . . . .

2

. Average RSE (%) . . . . . . . . . . . . . . . . .

58

58

65

65

56

53

10

8

9

9

11

10

9

25

17

18

18

20

18

15

17

13

9

12

13

9

12

17

7

8

10

8

8

7

29

7

7

8

8

6

6

28

3

4

4

3

2

2

28

4

3

4

3

3

3

24

Table 2b - Percent Distribution

Period

Total

Under

$300,000

$300,000

to $399,999

$400,000

to $499,999

Price Ranges

$500,000

to $599,999

$600,000

to $799,999

$800,000

to $999,999

$1,000,000

and over

2022 Annual . . . . . . . . . . . . . . . . . . . . . . .

2023 Annual . . . . . . . . . . . . . . . . . . . . . . .

. SE (%) . . . . . . . . . . . . . . . . . . . . . . . . . . . .

100

100

X

14

14

2

29

29

3

20

20

1

14

15

4

14

13

3

4

5

1

5

5

1

2023

June . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

July . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

August . . . . . . . . . . . . . . . . . . . . . . . . . . . .

September . . . . . . . . . . . . . . . . . . . . . . . .

October . . . . . . . . . . . . . . . . . . . . . . . . . . .

November . . . . . . . . . . . . . . . . . . . . . . . . .

December . . . . . . . . . . . . . . . . . . . . . . . . .

100

100

100

100

100

100

100

14

13

12

14

15

17

15

31

27

25

30

32

24

32

21

27

21

18

19

23

17

13

16

15

17

13

16

14

12

9

14

11

13

14

15

4

3

8

4

5

4

3

6

6

5

6

4

3

4

2024

January . . . . . . . . . . . . . . . . . . . . . . . . . . .

February . . . . . . . . . . . . . . . . . . . . . . . . . .

March (r) . . . . . . . . . . . . . . . . . . . . . . . . . .

April (r) . . . . . . . . . . . . . . . . . . . . . . . . . . .

May (r) . . . . . . . . . . . . . . . . . . . . . . . . . . .

June (p) . . . . . . . . . . . . . . . . . . . . . . . . . .

. SE (%). . . . . . . . . . . . . . . . . . . . . . . . . . . .

100

100

100

100

100

100

X

14

15

15

16

18

17

4

29

31

28

30

32

29

5

22

16

18

20

16

22

2

11

14

15

12

15

13

4

13

12

13

13

10

11

3

5

6

6

4

4

4

1

7

5

6

5

5

5

1

p

A

S

X

Preliminary

r Revised

Represents an RSE or SE that is greater or equal to 100 percent or could not be computed

Does not meet publication standards because tests for identifiable and stable seasonality do not meet reliability standards

Not applicable

Z Less than 500 units or less than 0.5 percent

1

Houses for which sales price was not reported have been distributed proportionally to those for which sales price was reported

Average relative standard error for the latest 6-month period

2

Source: U.S. Census Bureau and U.S. Department of Housing and Urban Development, New Residential Sales, July 24, 2024.

Additional information on the survey methodology may be found at .

New Houses Sold and For Sale by Stage of Construction and Median Number of Months on Sales Market

(Thousands of Units. Detail may not add to total because of rounding.)

Table 3a - Seasonally adjusted

1

Period

Total

Sold during period

Under

Not started construction

Completed

Total

For sale at end of period

Under

Not started construction

Median

months for

2

Completed

sale

2023

June . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

July . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

August . . . . . . . . . . . . . . . . . . . . . . . . . . . .

September . . . . . . . . . . . . . . . . . . . . . . . .

October . . . . . . . . . . . . . . . . . . . . . . . . . . .

November . . . . . . . . . . . . . . . . . . . . . . . . .

December . . . . . . . . . . . . . . . . . . . . . . . . .

666

700

652

694

673

611

654

114

96

119

103

123

88

96

278

331

282

326

267

231

280

274

273

251

265

283

292

278

428

427

428

435

442

450

449

92

95

95

99

101

98

99

268

261

260

263

266

276

269

68

71

73

73

75

76

81

X

X

X

X

X

X

X

2024

January . . . . . . . . . . . . . . . . . . . . . . . . . . .

February . . . . . . . . . . . . . . . . . . . . . . . . . .

March (r) . . . . . . . . . . . . . . . . . . . . . . . . . .

April (r) . . . . . . . . . . . . . . . . . . . . . . . . . . .

May (r) . . . . . . . . . . . . . . . . . . . . . . . . . . .

June (p) . . . . . . . . . . . . . . . . . . . . . . . . . .

3

. Average RSE (%) . . . . . . . . . . . . . . . . .

664

643

683

730

621

617

10

119

85

91

103

76

74

12

267

283

258

251

237

244

12

278

275

334

376

308

299

10

461

465

466

467

472

476

5

98

94

91

92

96

100

9

280

283

286

283

280

274

5

83

88

89

92

96

102

9

X

X

X

X

X

X

X

Table 3b - Not seasonally adjusted

Period

Total

Sold during period

Under

Not started construction

Completed

Total

For sale at end of period

Under

Not started construction

Median

months for

2

Completed

sale

2022 Annual . . . . . . . . . . . . . . . . . . . . . . .

2023 Annual . . . . . . . . . . . . . . . . . . . . . . .

. RSE (%) . . . . . . . . . . . . . . . . . . . . . . . . . .

641

666

4

125

103

13

314

285

6

202

278

5

455

450

3

88

95

8

294

269

4

72

87

6

1.9

2.5

11

2023

June . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

July . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

August . . . . . . . . . . . . . . . . . . . . . . . . . . . .

September . . . . . . . . . . . . . . . . . . . . . . . .

October . . . . . . . . . . . . . . . . . . . . . . . . . . .

November . . . . . . . . . . . . . . . . . . . . . . . . .

December . . . . . . . . . . . . . . . . . . . . . . . . .

58

60

52

55

50

42

49

9

8

9

7

9

6

7

25

30

23

27

20

15

18

23

22

19

21

22

21

25

433

429

435

440

450

456

450

98

93

98

97

102

96

95

270

268

266

269

272

282

269

64

67

71

74

76

79

87

2.6

2.3

2.3

2.3

2.5

2.7

2.5

2024

January . . . . . . . . . . . . . . . . . . . . . . . . . . .

February . . . . . . . . . . . . . . . . . . . . . . . . . .

March (r) . . . . . . . . . . . . . . . . . . . . . . . . . .

April (r) . . . . . . . . . . . . . . . . . . . . . . . . . . .

May (r) . . . . . . . . . . . . . . . . . . . . . . . . . . .

June (p) . . . . . . . . . . . . . . . . . . . . . . . . . .

3

. Average RSE (%) . . . . . . . . . . . . . . . . .

58

58

65

65

56

53

10

11

9

9

10

7

6

12

22

25

24

23

23

22

12

25

25

32

32

27

25

10

458

457

455

459

469

475

5

97

93

92

91

101

102

9

276

273

276

279

277

275

5

85

90

87

88

91

98

9

2.7

2.5

2.8

2.3

2.4

2.3

12

p Preliminary

r Revised

S Does not meet publication standards because tests for identifiable and stable seasonality do not meet reliability standards

X Not applicable

1

2

3

Seasonally-adjusted houses sold are published at annual rates

Median number of months for sale since completion

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, July 24, 2024.

Additional information on the survey methodology may be found at .

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