Sales of new single-family houses in October 2016 were at a seasonally adjusted annual rate of 563,000, up from a year ago, according to estimates released jointly by the U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau.
This is 1.9 percent below the revised September rate of 574,000, but is 17.8 percent above the October 2015 estimate of 478,000.
The median sales price of new houses sold in October 2016 was $304,500; the average sales price was $354,900. The seasonally adjusted estimate of new houses for sale at the end of October was 246,000. This represents a supply of 5.2 months at the current sales rate.