U.S. sales of new single-family houses in November came at an adjusted annual rate of 841,000, according to the Census Bureau press release. The sales were down 11% from October 2020’s revised rate of 945,000, but 20.8% higher than the November 2019 estimate of 696,000.
- The median sales price of new houses sold in November 2020 was $335,300.
- The average sales price of new houses sold was $390,100.
- The seasonally-adjusted estimate of new houses for sale at the end of November was 286,000, representing a supply of 4.1 months at the current sales rate.
U.S stocks are currently mixed as the dollar weakens. SPY is up 0.43%, QQQ is down 0.14%, EURUSD is up 0.26%
