Tom Hanna's Lifestream

New Home Sales At a Glance

Annual Sales Rate (Seasonally Adjusted): 407,000 Monthly Change: Down 2.9% Annual Change: Down 35.3% Median Sales Price: $220,400 Monthly change: 11.5 months

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                            NEW RESIDENTIAL SALES IN NOVEMBER 2008

Sales of new one-family houses in November 2008 were at a seasonally adjusted annual rate of 407,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 2.9 percent (±13.9%)* below the revised October of 419,000 and is 35.3 percent (±11.4%) below the November 2007 estimate of 629,000. The median sales price of new houses sold in November 2008 was $220,400; the average sales price was $287,500. The seasonally adjusted estimate of new houses for sale at the end of November was 374,000. This represents a supply of 11.5 months at the current sales rate. Source: Commerce Department, Census Bureau