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U.S. Dept. of Housing and Urban Development                  U.S. Census Bureau

Brian Sullivan                                                                            Raemeka Mayo or Stephen Cooper

Office of Public Affairs                                                              Economic Indicators Division

202-402-7527                                                                         301-763-516

brian.sullivan@hud.gov                                                             pio@census.gov

 

 

HUD AND CENSUS BUREAU REPORT NEW RESIDENTIAL SALES IN FEBRUARY

 

WASHINGTON – Sales of new single-family houses in February 2016 were at a seasonally adjusted annual rate of 512,000, according to estimates released jointly today by the U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau. This is 2.0 percent (±18.8%)* above the revised January rate of 502,000 and is 6.1 percent (±17.9%)* below the February 2015 estimate of 545,000.

 

The median sales price of new houses sold in February 2016 was $301,400; the average sales price was $348,900. The seasonally adjusted estimate of new houses for sale at the end of February was 240,000. This represents a supply of 5.6 months at the current sales rate.

 

Estimates of houses sold and for sale by stage of construction are now available on a seasonally adjusted basis as well as not seasonally adjusted basis. Historic seasonally adjusted data will be available back to January 1999 at http://www.census.gov/construction/nrs/historical_data/.

 

            New Residential Sales data for March 2016 will be released on Monday, April 25, 2016, at 10:00 A.M. EST.  Read more about new residential sales activity.  

 

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 (±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 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 4 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 web site listed above.

 

* 90% confidence interval includes zero. The Census Bureau does not have sufficient statistical evidence to conclude that the actual change is different from zero.

 


Posted in:SALES IN FEBRUARY and tagged: #realestatenew
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Dayton, OH 45410



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3450 Golden Ave
Unit 6
Cincinnati, OH 45226



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Cincinnati, OH 45242



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Franklin, OH 45005



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Mason, OH 45040



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933 Monastery St

Cincinnati, OH 45202



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HUD Contract Class

March 19, 10:00 a.m. – 1:00 p.m.


Learn how to have the “perfect” HUD contract every time! You will fill out a HUD contract from start to finish (and all the addendums in between). This course will cover:


• HUD-9548
• Electronic filing of HUD-0548
• Owner occupant certification
• Selling broker commission addendum
• For your protection: get a home inspection
• Lead-based paint
• Purchaser’s rights and responsibilities

Fee: $15 CABR members/$20 all others
Credit: 3 hours of OH elective credit
Instructor: REALTOR
® Tony Giglio

Where: CABR Office/14 Knollcrest Drive/Cinti/OH/45237

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4377 STATE ROUTE 122

Franklin, OH 45005



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