The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential sales statistics for February 2025:
New Home Sales
Sales of new single-family houses in February 2025 were at a seasonally adjusted annual rate of 676,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 1.8 percent (±18.6 percent)* above the revised January rate of 664,000 and is 5.1 percent (±13.9 percent)* above the February 2024 estimate of 643,000.
Sales Price
The median sales price of new houses sold in February 2025 was $414,500. The average sales price was $487,100.
For Sale Inventory and Months’ Supply
The seasonally-adjusted estimate of new houses for sale at the end of February was 500,000. This represents a supply of 8.9 months at the current sales rate.
The March report is scheduled for release on April 23, 2025. 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/>.
Source: U.S. Census Bureau