FOR RELEASE AT 10:00 AM EDT, FRIDAY, AUGUST 23, 2024

MONTHLY NEW RESIDENTIAL SALES, JULY 2024

Release Number: CB24-134

August 23, 2024 - The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly
announced the following new residential sales statistics for July 2024:

NEW RESIDENTIAL New Residential Sales

SALES (Seasonally Adjusted Annual Rate)
1,200
JULY 2024
1,000
1
New Houses Sold : 739,000

Thousands of Units
800
New Houses For Sale2: 462,000
600
Median Sales Price: $429,800
400
Next Release: September 25, 2024
200
Houses Sold
1
Seasonally Adjusted Annual Rate (SAAR)
2 0
Seasonally Adjusted
Jul-19 Jul-20 Jul-21 Jul-22 Jul-23 Jul-24
Source: U.S. Census Bureau, HUD, August 23, 2024
Source: U.S. Census Bureau, HUD, August 23, 2024

New Home Sales

Sales of new single-family houses in July 2024 were at a seasonally adjusted annual rate of 739,000, according to
estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development.
This is 10.6 percent (±16.5 percent)* above the revised June rate of 668,000 and is 5.6 percent (±21.3 percent)*
above the July 2023 estimate of 700,000.
Sales Price
The median sales price of new houses sold in July 2024 was $429,800. The average sales price was $514,800.
For Sale Inventory and Months’ Supply
The seasonally-adjusted estimate of new houses for sale at the end of July was 462,000. This represents a supply of
7.5 months at the current sales rate.

The August report is scheduled for release on September 25, 2024. 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/>.

Data Inquiries Media Inquiries

Economic Indicators Division, Residential Construction Branch Public Information Office
301-763-5160 301-763-3030
[email protected] [email protected]
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 3.2 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 website.
<www.census.gov/construction/soc/methodology.html>
The Census Bureau has reviewed SOC monthly and quarterly tables to ensure appropriate access, use, and disclosure
avoidance protection of the confidential source data (Disclosure Review Board (DRB) approval number: CBDRB-
FY23-0307).
API
The Census Bureau’s application programming interface lets developers create custom apps to reach new users and
makes key demographic, socio-economic and housing statistics more accessible than ever before.
<www.census.gov/developers/>
FRED Mobile App
Receive the latest updates on the nation’s key economic indicators by downloading the
FRED App <https://fred.stlouisfed.org/fred-mobile/> for both Apple and Android devices.
FRED, the signature database of the Federal Reserve Bank of St. Louis, now incorporates
the Census Bureau’s 13 economic indicators.

###
* The 90 percent confidence interval includes zero. In such cases, there is insufficient statistical evidence to conclude that the actual change is different from
zero.

Data Inquiries Media Inquiries

Economic Indicators Division, Residential Construction Branch Public Information Office
301-763-5160 301-763-3030
[email protected] [email protected]
New Privately-Owned Houses Sold and For Sale
(Thousands of Units. Detail may not add to total because of rounding.)

Table 1a - Seasonally adjusted

1
Sold during period For sale at end of period Median Average
Period United North- Mid- United North- Mid- Months' sales price sales price
States east west South West States east west South West supply2 ($) ($)
2023
July . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 700 30 76 416 178 427 X X X X 7.3 X X
August . . . . . . . . . . . . . . . . . . . . . . . . . . . . 652 36 64 389 163 428 X X X X 7.9 X X
September . . . . . . . . . . . . . . . . . . . . . . . . 694 36 67 416 175 435 X X X X 7.5 X X
October . . . . . . . . . . . . . . . . . . . . . . . . . . . 673 34 63 422 154 442 X X X X 7.9 X X
November . . . . . . . . . . . . . . . . . . . . . . . . . 611 26 80 367 138 450 X X X X 8.8 X X
December . . . . . . . . . . . . . . . . . . . . . . . . . 654 27 62 421 144 449 X X X X 8.2 X X

2024
January . . . . . . . . . . . . . . . . . . . . . . . . . . . 664 54 81 367 162 461 X X X X 8.3 X X
February . . . . . . . . . . . . . . . . . . . . . . . . . . 643 43 74 368 158 465 X X X X 8.7 X X
March . . . . . . . . . . . . . . . . . . . . . . . . . . . . 683 42 82 395 164 466 X X X X 8.2 X X
April (r) . . . . . . . . . . . . . . . . . . . . . . . . . . . 736 32 86 459 159 464 X X X X 7.6 X X
May (r) . . . . . . . . . . . . . . . . . . . . . . . . . . . 666 22 84 410 150 467 X X X X 8.4 X X
June (r) . . . . . . . . . . . . . . . . . . . . . . . . . . . 668 29 81 413 145 467 X X X X 8.4 X X
July (p) . . . . . . . . . . . . . . . . . . . . . . . . . . . 739 31 89 425 194 462 X X X X 7.5 X X
3
. Average RSE (%) . . . . . . . . . . . . . . . . . 10 28 22 17 12 5 X X X X 13 X X
Percent Change4
Jul. 2024 from Jun. 2024 . . . . . . . . . . . . 10.6% 6.9% 9.9% 2.9% 33.8% -1.1% X X X X -10.7% X X
5
. 90 percent confidence interval . . . . . . ± 16.5 ± 43.4 ± 35.6 ± 23.3 ± 29.5 ± 1.7 X X X X ± 14.4 X X
Jul. 2024 from Jul. 2023 . . . . . . . . . . . . . 5.6% 3.3% 17.1% 2.2% 9.0% 8.2% X X X X 2.7% X X
5
. 90 percent confidence interval . . . . . . ± 21.3 ± 26.5 ± 32.1 ± 32.7 ± 20.1 ± 9.3 X X X X ± 25.5 X X

Table 1b - Not seasonally adjusted

Sold during period For sale at end of period Median Average
Period United North- Mid- United North- Mid- Months' sales price sales price
States east west South West States east west South West supply ($) ($)
2022 Annual . . . . . . . . . . . . . . . . . . . . . . . 641 33 66 392 150 455 33 45 271 106 X 434,500 521,500
2023 Annual . . . . . . . . . . . . . . . . . . . . . . . 666 33 68 412 153 450 31 44 268 107 X 428,600 514,000
. RSE (%) . . . . . . . . . . . . . . . . . . . . . . . . . . 4 24 12 5 6 3 15 15 6 6 X 4 3
2023 Year to date . . . . . . . . . . . . . . . . . . 418 21 45 258 95 X X X X X X X X
2024 Year to date . . . . . . . . . . . . . . . . . . 429 22 55 251 101 X X X X X X X X
. RSE (%) . . . . . . . . . . . . . . . . . . . . . . . . . . 5 17 16 6 7 X X X X X X X X
Year to date percent change⁴ . . . . . . . . 2.6% 5.4% 22.1% -2.4% 6.1% X X X X X X X X
5
. 90 percent confidence interval . . . . . . ± 5.9 ± 30.0 ± 19.3 ± 7.9 ± 9.9 X X X X X X X X
2023
July . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60 2 7 35 15 429 36 42 249 102 7.2 435,800 507,600
August . . . . . . . . . . . . . . . . . . . . . . . . . . . . 52 3 5 31 13 435 29 43 260 103 8.4 440,900 530,400
September . . . . . . . . . . . . . . . . . . . . . . . . 55 3 5 33 14 440 30 44 265 101 8.0 426,100 515,000
October . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 2 4 32 12 450 32 45 270 104 8.9 417,500 498,800
November . . . . . . . . . . . . . . . . . . . . . . . . . 42 2 5 26 10 456 32 45 274 104 10.9 429,600 489,000
December . . . . . . . . . . . . . . . . . . . . . . . . . 49 2 4 33 10 450 31 44 268 107 9.2 418,300 493,000

2024
January . . . . . . . . . . . . . . . . . . . . . . . . . . . 58 5 7 32 14 458 30 43 277 108 7.9 430,400 527,800
February . . . . . . . . . . . . . . . . . . . . . . . . . . 58 4 7 33 14 457 26 43 279 109 7.8 420,900 509,700
March . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65 4 8 38 15 455 24 42 279 109 7.0 436,400 522,500
April (r) . . . . . . . . . . . . . . . . . . . . . . . . . . . 65 3 8 40 14 458 24 42 283 109 7.0 415,300 500,600
May (r) . . . . . . . . . . . . . . . . . . . . . . . . . . . 61 2 8 37 14 466 25 41 290 110 7.7 408,300 497,700
June (r) . . . . . . . . . . . . . . . . . . . . . . . . . . . 58 2 7 36 13 467 25 41 291 110 8.1 416,700 501,700
July (p) . . . . . . . . . . . . . . . . . . . . . . . . . . . 64 2 9 36 16 466 25 42 290 109 7.3 429,800 514,800
3
. Average RSE (%) . . . . . . . . . . . . . . . . . 10 28 22 17 12 5 16 14 9 4 13 5 5
p Preliminary
r Revised
S Does not meet publication standards because tests for identifiable and stable seasonality do not meet reliability standards
X Not applicable
1
Seasonally-adjusted houses sold are published at annual rates
2
Ratio of houses for sale to houses sold
3
Average relative standard error for the latest 6-month period
4
Computed using unrounded data
5
See the Explanatory Notes in the accompanying text for an explantion of 90 percent confidence intervals

Source: U.S. Census Bureau and U.S. Department of Housing and Urban Development, New Residential Sales, August 23, 2024.
Additional information on the survey methodology may be found at <www.census.gov/construction/soc/methodology.html>.
New Privately-Owned Houses Sold, by Sales Price
(Thousands of Units. Detail may not add to total because of rounding.)

Table 2a - Number of Houses 1

Price Ranges
Period Under $300,000 $400,000 $500,000 $600,000 $800,000 $1,000,000
Total $300,000 to $399,999 to $499,999 to $599,999 to $799,999 to $999,999 and over
2022 Annual . . . . . . . . . . . . . . . . . . . . . . . 641 87 184 127 91 89 28 35
2023 Annual . . . . . . . . . . . . . . . . . . . . . . . 666 92 192 134 97 84 33 35
. RSE (%) . . . . . . . . . . . . . . . . . . . . . . . . . . 3 14 11 7 25 26 14 13

2023
July . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60 8 16 16 9 6 2 4
August . . . . . . . . . . . . . . . . . . . . . . . . . . . . 52 6 13 11 8 7 4 2
September . . . . . . . . . . . . . . . . . . . . . . . . 55 8 16 10 9 6 2 3
October . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 7 16 9 7 7 2 2
November . . . . . . . . . . . . . . . . . . . . . . . . . 42 7 10 10 7 6 2 1
December . . . . . . . . . . . . . . . . . . . . . . . . . 49 7 15 9 7 7 2 2

2024
January . . . . . . . . . . . . . . . . . . . . . . . . . . . 58 8 17 13 7 7 3 4
February . . . . . . . . . . . . . . . . . . . . . . . . . . 58 9 18 9 8 7 4 3
March . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65 9 18 12 10 8 4 4
April (r) . . . . . . . . . . . . . . . . . . . . . . . . . . . 65 10 20 13 7 8 3 3
May (r) . . . . . . . . . . . . . . . . . . . . . . . . . . . 61 9 20 11 8 6 3 3
June (r) . . . . . . . . . . . . . . . . . . . . . . . . . . . 58 10 17 12 6 6 3 3
July (p) . . . . . . . . . . . . . . . . . . . . . . . . . . . 64 11 17 12 12 7 3 3
2
. Average RSE (%) . . . . . . . . . . . . . . . . . 10 25 18 17 27 28 27 26

Table 2b - Percent Distribution

Price Ranges
Period Under $300,000 $400,000 $500,000 $600,000 $800,000 $1,000,000
Total $300,000 to $399,999 to $499,999 to $599,999 to $799,999 to $999,999 and over
2022 Annual . . . . . . . . . . . . . . . . . . . . . . . 100 14 29 20 14 14 4 5
2023 Annual . . . . . . . . . . . . . . . . . . . . . . . 100 14 29 20 15 13 5 5
. SE (%) . . . . . . . . . . . . . . . . . . . . . . . . . . . . X 2 3 1 4 3 1 1

2023
July . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100 13 27 27 16 9 3 6
August . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100 12 25 21 15 14 8 5
September . . . . . . . . . . . . . . . . . . . . . . . . 100 14 30 18 17 11 4 6
October . . . . . . . . . . . . . . . . . . . . . . . . . . . 100 15 32 19 13 13 5 4
November . . . . . . . . . . . . . . . . . . . . . . . . . 100 17 24 23 16 14 4 3
December . . . . . . . . . . . . . . . . . . . . . . . . . 100 15 32 17 14 15 3 4

2024
January . . . . . . . . . . . . . . . . . . . . . . . . . . . 100 14 29 22 11 13 5 7
February . . . . . . . . . . . . . . . . . . . . . . . . . . 100 15 31 16 14 12 6 5
March . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100 15 28 18 15 13 6 6
April (r) . . . . . . . . . . . . . . . . . . . . . . . . . . . 100 16 30 21 11 13 4 5
May (r) . . . . . . . . . . . . . . . . . . . . . . . . . . . 100 16 34 18 14 10 5 4
June (r) . . . . . . . . . . . . . . . . . . . . . . . . . . . 100 17 29 21 11 11 5 6
July (p) . . . . . . . . . . . . . . . . . . . . . . . . . . . 100 18 27 18 18 10 5 4
. SE (%). . . . . . . . . . . . . . . . . . . . . . . . . . . . X 4 3 2 3 3 1 1
p Preliminary r Revised
A Represents an RSE or SE that is greater or equal to 100 percent or could not be computed
S Does not meet publication standards because tests for identifiable and stable seasonality do not meet reliability standards
X Not applicable Z Less than 500 units or less than 0.5 percent
1
Houses for which sales price was not reported have been distributed proportionally to those for which sales price was reported
2
Average relative standard error for the latest 6-month period

Source: U.S. Census Bureau and U.S. Department of Housing and Urban Development, New Residential Sales, August 23, 2024.
Additional information on the survey methodology may be found at <www.census.gov/construction/soc/methodology.html>.
New Houses Sold and For Sale by Stage of Construction and Median Number of Months on Sales Market
(Thousands of Units. Detail may not add to total because of rounding.)

Table 3a - Seasonally adjusted

1
Sold during period For sale at end of period Median
Period Under Under months for
2
Total Not started construction Completed Total Not started construction Completed sale
2023
July . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 700 96 331 273 427 95 261 71 X
August . . . . . . . . . . . . . . . . . . . . . . . . . . . . 652 119 282 251 428 95 260 73 X
September . . . . . . . . . . . . . . . . . . . . . . . . 694 103 326 265 435 99 263 73 X
October . . . . . . . . . . . . . . . . . . . . . . . . . . . 673 123 267 283 442 101 266 75 X
November . . . . . . . . . . . . . . . . . . . . . . . . . 611 88 231 292 450 98 276 76 X
December . . . . . . . . . . . . . . . . . . . . . . . . . 654 96 280 278 449 99 269 81 X

2024
January . . . . . . . . . . . . . . . . . . . . . . . . . . . 664 119 267 278 461 98 280 83 X
February . . . . . . . . . . . . . . . . . . . . . . . . . . 643 85 283 275 465 94 283 88 X
March . . . . . . . . . . . . . . . . . . . . . . . . . . . . 683 91 258 334 466 91 286 89 X
April (r) . . . . . . . . . . . . . . . . . . . . . . . . . . . 736 108 246 382 464 89 284 91 X
May (r) . . . . . . . . . . . . . . . . . . . . . . . . . . . 666 80 246 340 467 93 281 93 X
June (r) . . . . . . . . . . . . . . . . . . . . . . . . . . . 668 94 248 326 467 91 277 99 X
July (p) . . . . . . . . . . . . . . . . . . . . . . . . . . . 739 119 285 335 462 100 260 102 X
3
. Average RSE (%) . . . . . . . . . . . . . . . . . 10 13 12 11 5 9 5 9 X

Table 3b - Not seasonally adjusted

Sold during period For sale at end of period Median
Period Under Under months for
2
Total Not started construction Completed Total Not started construction Completed sale
2022 Annual . . . . . . . . . . . . . . . . . . . . . . . 641 125 314 202 455 88 294 72 1.9
2023 Annual . . . . . . . . . . . . . . . . . . . . . . . 666 103 285 278 450 95 269 87 2.5
. RSE (%) . . . . . . . . . . . . . . . . . . . . . . . . . . 4 13 6 5 3 8 4 6 11

2023
July . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60 8 30 22 429 93 268 67 2.3
August . . . . . . . . . . . . . . . . . . . . . . . . . . . . 52 9 23 19 435 98 266 71 2.3
September . . . . . . . . . . . . . . . . . . . . . . . . 55 7 27 21 440 97 269 74 2.3
October . . . . . . . . . . . . . . . . . . . . . . . . . . . 50 9 20 22 450 102 272 76 2.5
November . . . . . . . . . . . . . . . . . . . . . . . . . 42 6 15 21 456 96 282 79 2.7
December . . . . . . . . . . . . . . . . . . . . . . . . . 49 7 18 25 450 95 269 87 2.5

2024
January . . . . . . . . . . . . . . . . . . . . . . . . . . . 58 11 22 25 458 97 276 85 2.7
February . . . . . . . . . . . . . . . . . . . . . . . . . . 58 9 25 25 457 93 273 90 2.5
March . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65 9 24 32 455 92 276 87 2.8
April (r) . . . . . . . . . . . . . . . . . . . . . . . . . . . 65 11 22 32 458 88 281 88 2.3
May (r) . . . . . . . . . . . . . . . . . . . . . . . . . . . 61 7 23 30 466 97 280 89 2.4
June (r) . . . . . . . . . . . . . . . . . . . . . . . . . . . 58 8 22 28 467 91 281 95 2.2
July (p) . . . . . . . . . . . . . . . . . . . . . . . . . . . 64 10 26 28 466 100 267 99 2.4
3
. Average RSE (%) . . . . . . . . . . . . . . . . . 10 13 12 11 5 9 5 9 12
p Preliminary
r Revised
S Does not meet publication standards because tests for identifiable and stable seasonality do not meet reliability standards
X Not applicable
1
Seasonally-adjusted houses sold are published at annual rates
2
Median number of months for sale since completion
3
Average relative standard error for the latest 6-month period

Source: U.S. Census Bureau and U.S. Department of Housing and Urban Development, New Residential Sales, August 23, 2024.
Additional information on the survey methodology may be found at <www.census.gov/construction/soc/methodology.html>.