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    Home » US New Home Sales Plunged 4.3% in January
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    US New Home Sales Plunged 4.3% in January

    February 24, 20221 Min Read
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    Purchases of new single-family houses in the U.S. fell in January after increasing significantly in December.

    • New home sales dropped 4.5% in January on a month to a seasonally adjusted annual pace of 801,000. New home sales in December were revised upwards to 839,000 from an initial estimate of 811,000.
    • Sales were 19.3% below the same month a year ago, when sales were at an adjusted annual pace of 993,000, the highest level since 2006.
    • Monthly new residential sales data is volatile and often revised. January’s figures come with a margin of error of 16.2 percentage points.
    • The median price of a new home was $423,000 in January, rising sharply from $395,000 the prior month.

    The seasonally adjusted estimate of new houses for sale at the end of January was 406,000. This represents a supply of 6.1 months at the current sales rate.

    DXY up +1.36%, EUR USD down -1.50%

    Source: U.S. Census Bureau.

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