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New Res Sales

New Res Sales

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Published by: crennydane on Apr 26, 2013
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FOR IMMEDIATE RELEASE TUESDAY, APRIL 23, 2013 AT 10:00 A.M. EDT
CB13-72Raemeka Mayo or Stephen CooperManufacturing and Construction Division(301) 763-5160
NEW RESIDENTIAL SALES IN MARCH 2013
Sales of new single-family houses in March 2013 were at a seasonally adjusted annual rate of 417,000, according toestimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 1.5 percent 16.9%)* above the revised February rate of 411,000 and is 18.5 percent 17.2%) above the March2012 estimate of 352,000. The median sales price of new houses sold in March 2013 was $247,000; the average sales price was $279,900. Theseasonally adjusted estimate of new houses for sale at the end of March was 153,000. This represents a supply of 4.4months at the current sales rate.
New Residential Sales data for April 2013 will be released on Thursday, May 23, 2013, at 10:00 A.M. EDT.Our Internet site is:http://www.census.gov/newhomesales
 To receive the latest updates on the Nation's key economic indicators, download the America's Economy app for Apple and Androidsmartphones and tablets.
EXPLANATORY NOTES
 
* 90% confidence interval includes zero. The Census Bureau does not have sufficient statistical evidence to conclude that the actual change is different from zero. 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 “2.5percent 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 rangesgiven for percent changes are 90-percent confidence intervals and account only for sampling variability. If a range does not contain zero, the change is statisticallysignificant. 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 applyto the confidence intervals for percent changes shown in the tables. Changes in seasonally adjusted statistics often show irregular movement. It takes 3 months toestablish a trend for new houses sold. Preliminary new home sales figures are subject to revision due to the survey methodologyand definitions used. The survey isprimarily 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 apermit 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 revisedabout 3percent. Changes in sales price data reflect changes in the distribution of houses by region, size, etc., as well as changesin the prices of houses with identicalcharacteristics. Explanations of confidence intervals and sampling variability can be found on our web site listed above.
U.S. Census Bureau NewsJoint ReleaseU.S. Department of Housing and Urban Development
U.S. Department of Commerce Washington, D.C. 20233
 
Research
 
in
 
 preparation
 
 for 
 
the
 
migration
 
to
 
new 
 
software
 
 for 
 
estimating
 
medians
 
has
 
indicated 
 
that 
 
recent 
 
estimates
 
of 
 
the
 
median
 
months
 
 for 
 
sale
 
in
 
Table
 
3
 
may 
 
be
 
overstated 
 
by 
 
about 
 
two
 
to
 
three
 
months.
 
Revised 
 
estimates
 
of 
 
median
 
months
 
 for 
 
sale
 
back 
 
to
 
 January 
 
2010
 
will 
 
be
 
 published 
 
with
 
the
 
 April 
 
2013
 
data
 
release
 
on
 
May 
 
23,
 
2013.
 
 Table 1. New Houses Sold and For Sale
[Thousands of houses. Detail may not add to total because of rounding.]UnitedStatesNorth-eastMid-west South WestUnitedStatesNorth-eastMid-west South West
2012:March3523142199801454.9  April3582951180981454.9  May3693548188981444.7   June36016491871081454.8   July36629541801031434.7  August36728531831031434.7  September3793835211951454.6  October36424511841051474.8  November3943343219991494.5  December (r)3902947217971504.6  2013: January (r)44533552141431484.0  February (r)41134581801391504.4 
March (p)41741512151101534.4 
Average RSE (%)92921121859 
Percent Change:March 2013 from February 20131.5%20.6%-12.1%19.4%-20.9%2.0%0.0%
90% Confidence Interval
4
±16.9 ±67.7 ±39.4 ±33.8 ±18.7 ±2.4 ±12.9
March 2013 from March 201218.5%32.3%21.4%8.0%37.5%5.5%-10.2%
90% Confidence Interval
4
±17.2 ±54.0 ±42.6 ±22.4 ±33.8 ±6.6 ±15.1
2011:
30621451687215019207932(X)227,200267,900 
2012:(r)
36829471959714814247931(X)245,200292,200 
RSE (%)
4911644111179(X)32 
2012:Year to Date
87 7105021(X)(X)(X)(X)(X)(X)(X)(X)
2013:Year to Date
104 9125132(X)(X)(X)(X)(X)(X)(X)(X)
RSE (%)
5151296(X)(X)(X)(X)(X)(X)(X)(X)
 Year to Date Percent Change
5
19.6%30.0%22.7%2.9%54.8%
(X)(X)(X)(X)(X)(X)(X)(X)
90% Confidence Interval
±11.4 ±29.9 ±22.4 ±14.7 ±21.2
(X)(X)(X)(X)(X)(X)(X)(X)2012:March3434208144181976314.3239,800283,600  April34351610143161977304.2236,400287,900  May35341810144162077324.2239,200280,900   June34151810145172078304.2232,600271,800   July3335169142162077294.3237,400282,300  August3125149145162079304.7253,200305,500  September3033168146152178314.8254,600297,700  October2924148149152382305.2247,200285,400  November2823176150152481315.4245,000290,700  December (r)2823166148142479315.3258,300299,200  2013: January (r)31241510148142481304.7245,400300,300  February (r)33241412149142384284.6264,900310,000 
March (p)40442110151142586273.8247,000279,900 
Average RSE (%)
3
9292112185119789 5 5  (p) Prelminary. (r) Revised. RSE Relative standard error. (X) Not applicable. (Z) Less than 500 units or less than 0.5 percent.
1
Seasonally adjusted houses sold are published at annual rates.
2
Ratio of houses for sale to houses sold.
3
Average RSE for the latest 6-month period.See the Explanatory Notes in the accompanying text for an explanation of 90% confidence intervals.
5
Computed using unrounded data.Note: The sales price includes the land.
Seasonally adjustedNot seasonally adjustedPeriodSold during period
1
For sale at end of periodMonths'Supply
2
Mediansalesprice ($)Averagesalesprice ($)
 
 Table 2. New Houses Sold, by Sales Price
[Thousands of houses. Detail may not add to total because of rounding.]TotalUnder$150,000$150,000to $199,999$200,000to $299,999$300,000to $399,999$400,000to $499,999$500,000to $749,999$750,000and over2011:
3065068994620176 
2012:(r)
36846741206333239  RSE (%)4986791014  2012:March3457115321  April3457115321  May3548125321   June3458115321   July3338116311  August313511533(Z) September304696321  October2936105211  November28469522(Z) December (r)283586321  2013: January (r)3146114221  February (r)3336116421 
March (p)4058148321 
Average RSE (%)922191518273043 
2011:
10016223215752 
2012:(r)
10013203317963  2012:March10016203315952  April10015213215963  May10013223416952   June10015223316852   July10010253217942  August1001018351511102  September100121931181163  October10011223418852  November10014203117782  December (r)100101830221153  2013: January (r)10013193614773  February (r)100101734181164 
March (p)10013193619742 
(p) Prelminary. (r) Revised. RSE Relative standard error. (X) Not applicable. (Z) Less than 500 units or less than 0.5 percent.Houses for which sales price was not reported have been distributed proportionally to those for which sales price was reported
2
Average RSE for the latest 6-month period.Note: The sales price includes the land.
PeriodNumber of houses
1
Percent distribution

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