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New Residential Sales data for February 2012 will be released on Friday, March 23, 2012, at 10:00 A.M. EDT. Our Internet site is: http://www.census.gov/newhomesales http://www.census.gov/newhomesales
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 4 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 5 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.
Period
United States
West
United States
West
Months' Supply2
2011:
January February March April May June July August September October (r) November (r) December (r)
310 281 305 316 308 303 295 290 302 311 318 324
33 19 25 25 19 16 23 23 19 18 16 18
42 31 39 41 41 45 46 48 47 50 51 49
163 170 171 168 174 171 163 156 170 159 182 172
72 61 70 82 74 71 63 63 66 84 69 85
186 182 178 173 168 166 166 162 161 159 156 154
7.2 7.8 7.0 6.6 6.5 6.6 6.8 6.7 6.4 6.1 5.9 5.7
2012:
January (p)
321
9
20
24
37
22
188
13
76
14
151
5
5.6
8
-0.9%
16.6
11.1%
62.2
-24.5%
29.4
9.3%
24.5
-10.6%
26.1
-1.9%
1.6
-1.8%
17.3
3.5%
17.6
-39.4%
35.5
-11.9%
37.1
15.3%
29.8
5.6%
20.4
-18.8%
4.2
-22.2%
13.4
(r)
RSE (%)
2011:
January February March April May June July August September October (r) November (r) December (r)
21 22 28 30 28 28 27 25 24 25 22 23
2 1 2 3 2 1 2 2 2 2 1 1
3 2 3 4 4 5 4 5 4 4 4 3
11 13 16 16 16 16 15 13 13 13 13 13
5 5 7 8 7 6 6 5 5 7 4 5
185 181 179 172 168 167 165 164 163 159 156 153
21 21 20 19 19 19 19 19 18 18 19 19
25 25 26 25 25 24 24 23 23 23 22 21
98 96 96 93 91 89 87 87 87 85 83 81
41 38 38 35 33 34 34 35 34 33 33 32
8.6 8.3 6.4 5.7 5.9 5.9 6.1 6.6 6.7 6.4 7.0 6.8
240,100 220,100 220,500 224,700 222,000 240,200 229,900 219,600 217,000 224,800 213,100 216,500
275,700 262,800 260,800 268,900 262,700 273,100 270,300 259,300 255,400 258,300 249,200 264,900
2012:
January (p)
3
22
9
1
24
2
22
13
13
5
14
151
5
19
14
20
12
80
7
32
11
6.7
8
217,100
5
261,600
4
(p) Prelminary.
1 4
(r) Revised.
2 3 Seasonally adjusted houses sold are published at annual rates. Ratio of houses for sale to houses sold. 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.
Period
Total
Under $150,000
$150,000 to $199,999
$200,000 to $299,999
$300,000 to $399,999
1
$400,000 to $499,999
$500,000 to $749,999
(r)
44 46 10
21 20 10
18 16 10
8 6 18
2011:
January February March April May June July August September October (r) November (r) December (r)
21 22 28 30 28 28 27 25 24 25 22 23
3 3 5 5 5 4 4 5 4 5 4 4
3 6 6 7 7 6 6 5 6 5 6 6
8 6 9 10 9 10 9 8 8 8 7 7
3 3 4 5 4 4 4 4 3 3 3 3
2 2 1 2 2 2 1 2 1 2 1 1
1 1 2 2 1 2 1 1 1 1 1 1
2012:
January (p)
2
22
9
5
19
4
15
7
14
3
23
1
28
1
33
1
49
(r)
2011:
January February March April May June July August September October (r) November (r) December (r)
100 100 100 100 100 100 100 100 100 100 100 100
16 14 19 16 17 13 17 20 16 18 18 18
16 27 23 23 23 22 21 21 26 22 25 26
36 29 31 32 32 37 35 31 33 34 32 29
16 16 16 15 15 16 16 15 13 14 14 13
8 8 5 8 7 6 4 7 5 7 5 6
7 5 6 5 5 6 4 5 5 3 4 6
2 1 2 2 2 1 3 1 2 2 1 2
2012:
January (p)
(p) Prelminary.
1 2
100
(r) Revised. RSE Relative standard error.
22
(X) Not applicable.
19
33
14
Houses for which sales price was not reported have been distributed proportionally to those for which sales price was reported Average RSE for the latest 6-month period.
Table 3. New Houses Sold and For Sale by Stage of Construction and Median Number of Months on Sales Market
[Thousands of houses. Detail may not add to total because of rounding.] Sold during period Not Under started construction
323 304 4 67 73 8 104 91 5
Completed
151 139 5
Total
188 153 5
Completed
80 60 5
(r)
RSE (%)
2011:
January February March April May June July August September October (r) November (r) December (r)
21 22 28 30 28 28 27 25 24 25 22 23
6 7 6 7 7 6 7 5 5 5 5 5
6 5 9 8 9 9 9 8 8 7 6 6
9 10 13 15 12 13 11 11 11 12 11 11
185 181 179 172 168 167 165 164 163 159 156 153
27 26 26 25 24 24 23 24 25 24 25 25
80 78 79 79 78 81 80 78 77 77 73 67
79 77 74 68 66 61 62 62 61 59 59 60
7.8 8.1 8.7 8.9 9.2 10.0 9.4 8.7 7.6 7.2 7.2 6.8
2012:
January (p)
2
22
9
6
10
6
11
10
10
151
5
26
9
68
6
57
5
7.1
10
(p) Prelminary.
1 2
(r) Revised.
Median number of months for sale since completion. Average RSE for the latest 6-month period.