For Release 10:00 A.M. EST, Thurdsay, January 6, 2000 CB00-02
NOVEMBER 1999 NEW HOUSING SALES AT ANNUAL RATE OF 865,000
Sales of new one-family houses in November 1999 were at a seasonally adjusted
annual rate of 865,000 according to estimates released today by the U.S. Census
Bureau and the U.S. Department of Housing and Urban Development. This is 7 (+/-9)
percent below the revised October rate of 931,000 and 12 (+/-10) percent below the
November 1998 rate of 985,000.
The median sales price of new houses sold in November 1999 was $167,400; the
mean sales price was $209,700. At the end of November, the seasonally adjusted
estimate of new houses for sale was 316,000. This represents a supply of 4.5
months at the current sales rate.
Through November of this year, there were 848,000 houses sold compared with
825,000 sold during the same period last year. This is an increase of 3 (+/-3)
percent.
New Home Sales data for December 1999 will be released on February 2, 2000, at
10:00 A.M. EST.
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 "3 (+/-4) percent above" appears in the text, this indicates
the range (from -1 percent to +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
contains zero, it is uncertain whether there was an increase or decrease; that is,
the change is not statistically significant. The January 1999 issue of Current
Construction Reports, C25/99-1, includes explanations of confidence intervals
and sampling variability. 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 +/-3 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.
TABLE 1A. NEW ONE-FAMILY HOUSES SOLD: NOVEMBER 1999
United North- Mid-
Period States east west South West
Seasonally adjusted annual rate
1998 - November 985 91 161 438 295
December 958 84 177 438 259
1999 - January 908 83 149 408 268
February 909 79 178 440 212
March 885 77 158 395 255
April 952 81 177 422 272
May 914 70 178 422 245
June 932 65 167 430 270
July 929 84 176 425 245
August(r) 912 85 193 384 250
September(r) 854 78 166 384 227
October(r) 931 73 204 392 261
NOVEMBER(p) 865 50 188 380 247
AVG. RSE(%) 4 19 12 6 7
Not seasonally adjusted
1997 804 78 140 363 223
1998 886 81 164 398 243
AVG. RSE(%) 2 6 7 3 4
1998 First 11 months 825 77 154 367 227
1999 First 11 months 848 70 163 381 234
AVG. RSE(%) 2 6 6 3 2
1998 - November 70 7 12 31 20
1999 - August(r) 81 8 16 34 22
September(r) 67 7 12 30 18
October(r) 70 5 16 30 20
NOVEMBER(p) 63 4 13 28 17
AVG. RSE(%) 4 19 12 6 7
Number of houses in thousands.
(p) Preliminary. (r) Revised.
AVG. RSE(%): Annual - Avg. Relative Standard Error for the last two years.
YTD - Avg. Relative Standard Error for the current period
and the same period last year.
Monthly - Avg. Relative Standard Error for the latest
six month period(January-June or July-December).
TABLE 1B. NEW ONE-FAMILY HOUSES FOR SALE AT END OF PERIOD AND MONTHS SUPPLY AT
CURRENT SALES RATE: NOVEMBER 1999
Seasonally
adjusted Not Seasonally adjusted
Houses Months Houses for sale Months
for supply supply
Period sale (1) (1)
United States United North- Mid- South West
States east west
1997 (X) (X) 287 26 65 127 69 (X)
1998 (X) (X) 300 28 63 142 68 (X)
AVG. RSE(%) (X) (X) 3 10 6 4 6 (X)
1998 - November 292 3.7 292 25 62 137 67 4.2
December 295 3.8 300 28 63 142 68 4.9
1999 - January 295 4.0 294 27 61 140 66 4.4
February 297 3.9 291 24 60 141 66 3.7
March 300 4.1 296 25 60 145 67 3.4
April 300 3.8 299 25 59 148 67 3.4
May 304 4.1 302 25 60 149 68 3.6
June 306 3.9 307 26 60 150 71 3.6
July 305 4.0 305 26 61 147 72 3.8
August(r) 307 4.2 305 26 62 148 70 3.8
September(r) 309 4.4 311 25 62 152 72 4.7
October(r) 312 4.1 314 26 64 153 70 4.5
NOVEMBER(p) 316 4.5 319 28 65 155 70 5.1
AVG. RSE(%) 3 5 3 11 7 5 4 5
Number of houses in thousands.
(p) Preliminary. (r) Revised. (X) Not applicable.
AVG. RSE(%): Annual - Avg. Relative Standard Error for the last two years.
Monthly - Avg. Relative Standard Error for the latest six
month period(January-June or July-December).
(1) Ratio of houses for sale to houses sold. Seasonally adjusted ratio
derived from unadjusted ratio.
TABLE 2. MEDIAN AND AVERAGE SALES PRICE: NOVEMBER 1999
Period Median Average
1997 146,000 176,200
1998 152,500 181,900
AVG. RSE(%) 2 2
1998 - November 151,000 178,600
1999 - August(r) 154,900 193,300
September(r) 160,100 193,900
October(r) 159,000 201,300
NOVEMBER(p) 167,400 209,700
AVG. RSE(%) 4 2
Dollars. Includes value of improved lot.
(NA) Not available. (p) Preliminary. (r) Revised.
AVG. RSE(%): Annual - Avg. Relative Standard Error for the last two years.
Monthly - Avg. Relative Standard Error for the latest six
month period(January-June or July-December).
Source: Construction Reports, Series C25, New One-Family Houses Sold.
C25 Reports are available from the
U.S. Government Printing Office. Annual subscription: $28.00.
Questions or comments regarding these data may be directed to Dale R.
Jacobson, Residential Construction Branch, Manufacturing and Construction
Division, U.S. Census Bureau. Telephone: (301) 457-1321.
The following data will appear in Tables 3 through 6 of this month's Current
Construction Report.
TABLE 3. HOUSES SOLD AND FOR SALE, BY STAGE OF CONSTRUCTION
(THOUSANDS OF HOUSES. COMPONENTS MAY NOT ADD TO TOTAL BECAUSE OF ROUNDING)
SOLD DURING PERIOD
UNDER
CONSTRUC-
TOTAL COMPLETED TION NOT STARTED
1995................. 667 238 223 205
1996................. 757 275 254 228
1997................. 804 236 295 273
1998................. 886 228 334 324
MONTHLY DATA
1996: JANUARY...... 54 19 17 18
FEBRUARY..... 68 21 21 26
MARCH........ 70 22 23 24
APRIL........ 70 22 27 22
MAY.......... 69 25 24 20
JUNE......... 65 24 21 20
JULY......... 66 27 21 18
AUGUST....... 73 26 27 20
SEPTEMBER.... 62 23 22 17
OCTOBER...... 56 21 19 15
NOVEMBER..... 54 20 17 17
DECEMBER..... 51 20 15 17
1997: JANUARY...... 61 22 20 19
FEBRUARY..... 69 23 23 23
MARCH........ 81 25 29 27
APRIL........ 70 21 24 26
MAY.......... 71 23 24 24
JUNE......... 71 19 30 22
JULY......... 69 20 26 22
AUGUST....... 72 19 28 25
SEPTEMBER.... 67 18 26 22
OCTOBER...... 62 18 24 20
NOVEMBER..... 61 18 24 19
DECEMBER..... 51 14 17 19
1998: JANUARY...... 64 18 22 25
FEBRUARY..... 75 19 26 30
MARCH........ 81 20 30 31
APRIL........ 82 20 32 30
MAY.......... 82 17 34 31
JUNE......... 83 21 31 31
JULY......... 75 21 30 24
AUGUST....... 75 19 32 25
SEPTEMBER.... 68 18 26 25
OCTOBER...... 69 19 28 22
NOVEMBER..... 70 20 26 23
DECEMBER..... 61 17 23 21
1999: JANUARY...... 67 14 27 26
FEBRUARY..... 78 19 29 30
MARCH........ 86 19 35 31
APRIL........ 88 18 36 34
MAY.......... 83 19 34 30
JUNE......... 86 21 34 31
JULY......... 80 20 32 28
AUGUST\r..... 81 21 32 28
SEPTEMBER\r.. 67 16 28 22
OCTOBER\r.... 70 19 31 21
NOVEMBER\p... 63 16 27 19
AVERAGE RELATIVE
STANDARD ERRORS
ANNUAL (PERCENT)..... 2 4 3 5
MONTHLY (PERCENT).... 4 7 5 11
See footnotes at end of table.
TABLE 3. HOUSES SOLD AND FOR SALE, BY STAGE OF CONSTRUCTION - CONTINUED
(THOUSANDS OF HOUSES. COMPONENTS MAY NOT ADD TO TOTAL BECAUSE OF ROUNDING)
FOR SALE AT END OF PERIOD
UNDER
CONSTRUC-
TOTAL COMPLETED TION NOT STARTED
1995................. 374 123 199 52
1996................. 326 101 185 40
1997................. 287 92 161 34
1998................. 300 72 185 43
MONTHLY DATA
1996: JANUARY...... 370 122 196 51
FEBRUARY..... 362 120 192 50
MARCH........ 362 120 189 53
APRIL........ 366 119 195 51
MAY.......... 360 114 195 52
JUNE......... 355 113 193 48
JULY......... 351 111 191 49
AUGUST....... 342 106 192 44
SEPTEMBER.... 332 103 185 43
OCTOBER...... 332 103 186 43
NOVEMBER..... 330 101 189 40
DECEMBER..... 326 101 185 40
1997: JANUARY...... 309 97 174 38
FEBRUARY..... 296 95 165 37
MARCH........ 284 91 158 35
APRIL........ 289 91 165 33
MAY.......... 286 90 163 33
JUNE......... 288 89 163 36
JULY......... 289 88 165 36
AUGUST....... 284 87 163 34
SEPTEMBER.... 285 90 164 31
OCTOBER...... 287 91 163 33
NOVEMBER..... 281 92 158 31
DECEMBER..... 287 92 161 34
1998: JANUARY...... 282 86 161 35
FEBRUARY..... 277 85 157 35
MARCH........ 281 81 164 36
APRIL........ 286 80 168 38
MAY.......... 284 81 166 37
JUNE......... 287 77 173 37
JULY......... 284 75 171 39
AUGUST....... 283 74 172 37
SEPTEMBER.... 291 75 177 39
OCTOBER...... 296 77 181 39
NOVEMBER..... 292 73 185 34
DECEMBER..... 300 72 185 43
1999: JANUARY...... 294 72 182 39
FEBRUARY..... 291 70 182 39
MARCH........ 296 71 187 38
APRIL........ 299 73 183 44
MAY.......... 302 76 186 40
JUNE......... 307 76 181 50
JULY......... 305 73 183 49
AUGUST\r..... 305 71 188 46
SEPTEMBER\r.. 311 75 189 47
OCTOBER\r.... 314 74 195 44
NOVEMBER\p... 319 78 197 43
AVERAGE RELATIVE
STANDARD ERRORS
ANNUAL (PERCENT)..... 3 4 3 6
MONTHLY (PERCENT).... 3 5 3 5
p Preliminary. r Revised.
TABLE 4. HOUSES SOLD BY SALES PRICE
(THOUSANDS OF HOUSES. COMPONENTS MAY NOT ADD TO TOTAL BECAUSE OF ROUNDING.)
NUMBER OF HOUSES/1
PERIOD 80000 100000 120000 150000 200000
UNDER TO TO TO TO AND
TOTAL 80000 99999 119999 149999 199999 OVER
1995................ 667 58 101 99 144 127 138
1996................ 757 59 104 101 159 160 175
1997................ 804 51 93 103 173 177 207
1998................ 886 41 91 112 183 208 251
MONTHLY DATA
1996: JANUARY..... 54 4 10 8 11 10 11
FEBRUARY.... 68 6 10 9 14 14 15
MARCH....... 70 6 10 9 15 14 15
APRIL....... 70 5 11 8 14 16 15
MAY......... 69 6 9 10 15 15 15
JUNE........ 65 5 8 9 14 14 15
JULY........ 66 4 8 9 14 15 15
AUGUST...... 73 6 11 11 15 15 16
SEPTEMBER... 62 7 9 8 13 10 16
OCTOBER..... 56 4 7 7 12 12 13
NOVEMBER.... 54 4 7 7 12 11 14
DECEMBER.... 51 4 7 6 10 11 13
1997: JANUARY..... 61 3 8 8 13 13 15
FEBRUARY.... 69 5 9 9 15 14 18
MARCH....... 81 7 9 12 15 19 20
APRIL....... 70 5 7 9 14 16 19
MAY......... 71 4 9 9 15 15 17
JUNE........ 71 4 9 9 17 14 19
JULY........ 69 4 8 9 15 15 18
AUGUST...... 72 5 9 10 15 17 17
SEPTEMBER... 67 4 8 8 14 15 17
OCTOBER..... 62 3 7 9 14 13 15
NOVEMBER.... 61 4 8 7 13 13 16
DECEMBER.... 51 4 5 6 12 11 13
1998: JANUARY..... 64 3 8 9 13 14 17
FEBRUARY.... 75 3 8 11 13 18 23
MARCH....... 81 3 8 10 17 20 22
APRIL....... 82 4 9 11 19 18 22
MAY......... 82 4 9 11 15 20 23
JUNE........ 83 5 10 10 18 19 21
JULY........ 75 5 8 10 15 16 21
AUGUST...... 75 4 7 9 16 17 23
SEPTEMBER... 68 2 7 8 14 18 18
OCTOBER..... 69 3 7 9 13 16 21
NOVEMBER.... 70 3 6 9 16 17 19
DECEMBER.... 61 3 5 7 14 15 17
1999: JANUARY..... 67 3 7 7 15 17 18
FEBRUARY.... 78 3 6 10 17 17 26
MARCH....... 86 3 8 11 18 21 26
APRIL....... 88 2 10 9 18 21 28
MAY......... 83 3 7 10 19 18 26
JUNE........ 86 3 6 10 18 20 28
JULY........ 80 3 7 10 15 19 26
AUGUST\r.... 81 3 7 9 20 18 25
SEPTEMBER\r. 67 2 6 7 14 16 22
OCTOBER\r... 70 3 6 6 17 17 22
NOVEMBER\p.. 63 3 4 6 13 15 22
AVERAGE RELATIVE STANDARD ERRORS
ANNUAL (PERCENT).... 2 7 5 6 5 5 5
MONTHLY (PERCENT)... 4 24 16 13 8 8 7
See footnotes at end of table.
TABLE 4. HOUSES SOLD BY SALES PRICE - CONTINUED
(COMPONENTS MAY NOT ADD TO TOTAL BECAUSE OF ROUNDING. PERCENTS COMPUTED FROM
UNROUNDED FIGURES)
PERCENT DISTRIBUTION/2
PERIOD 80000 100000 120000 150000 200000
UNDER TO TO TO TO AND
80000 99999 119999 149999 199999 OVER
1995................ 9 15 15 22 19 21
1996................ 8 14 13 21 21 23
1997................ 6 12 13 21 22 26
1998................ 5 10 13 21 23 28
MONTHLY DATA
1996: JANUARY..... 8 18 15 20 19 20
FEBRUARY.... 9 14 14 20 20 22
MARCH....... 8 14 13 22 20 22
APRIL....... 7 16 11 21 23 22
MAY......... 9 12 14 22 22 21
JUNE........ 8 13 14 22 22 22
JULY........ 7 12 14 22 23 23
AUGUST...... 8 14 15 21 20 21
SEPTEMBER... 11 15 12 20 17 26
OCTOBER..... 7 12 13 22 22 24
NOVEMBER.... 7 14 12 22 20 25
DECEMBER.... 7 13 13 20 22 26
1997: JANUARY..... 6 13 13 22 21 25
FEBRUARY.... 7 13 13 21 20 26
MARCH....... 8 11 14 18 23 25
APRIL....... 7 10 13 20 23 28
MAY......... 6 13 13 22 22 24
JUNE........ 5 12 12 24 20 27
JULY........ 6 12 13 21 22 26
AUGUST...... 6 13 14 21 24 23
SEPTEMBER... 6 12 12 21 23 25
OCTOBER..... 5 11 15 23 21 24
NOVEMBER.... 6 13 12 22 22 25
DECEMBER.... 7 10 11 23 23 25
1998: JANUARY..... 4 12 14 21 22 27
FEBRUARY.... 4 10 15 17 23 31
MARCH....... 4 10 12 21 25 27
APRIL....... 5 11 13 23 22 26
MAY......... 5 11 13 19 24 28
JUNE........ 6 12 12 22 22 26
JULY........ 6 10 14 20 21 28
AUGUST...... 5 10 12 21 22 30
SEPTEMBER... 3 10 12 21 27 26
OCTOBER..... 5 11 13 18 23 30
NOVEMBER.... 4 9 12 23 24 27
DECEMBER.... 6 8 11 23 24 28
1999: JANUARY..... 4 11 11 23 25 27
FEBRUARY.... 4 7 13 21 21 33
MARCH....... 3 9 13 21 24 30
APRIL....... 3 11 11 20 23 32
MAY......... 4 8 13 23 21 31
JUNE........ 4 7 12 21 23 33
JULY........ 4 9 13 18 24 32
AUGUST\r.... 3 8 11 25 23 30
SEPTEMBER\r. 3 9 10 21 25 33
OCTOBER\r... 4 8 8 25 24 31
NOVEMBER\p.. 5 6 10 20 24 35
AVERAGE RELATIVE
STANDARD ERRORS
ANNUAL (PERCENT).... 7 5 6 5 5 5
MONTHLY (PERCENT)... 24 15 12 7 7 6
See footnotes at end of table.
TABLE 4. HOUSES SOLD BY SALES PRICE - CONTINUED
(IN DOLLARS)
MEDIAN AVERAGE
PERIOD SALES SALES
PRICE PRICE
1995................ 133,900 158,700
1996................ 140,000 166,400
1997................ 146,000 176,200
1998................ 152,500 181,900
MONTHLY DATA
1996: JANUARY..... 131,900 155,300
FEBRUARY.... 139,400 163,700
MARCH....... 137,000 162,100
APRIL....... 140,000 170,000
MAY......... 136,400 163,300
JUNE........ 140,000 166,500
JULY........ 144,200 168,400
AUGUST...... 137,000 159,700
SEPTEMBER... 139,000 167,400
OCTOBER..... 143,800 168,400
NOVEMBER.... 143,500 172,000
DECEMBER.... 144,900 171,800
1997: JANUARY..... 145,000 171,900
FEBRUARY.... 143,000 171,100
MARCH....... 148,000 172,700
APRIL....... 150,000 179,500
MAY......... 141,000 170,700
JUNE........ 145,000 179,400
JULY........ 145,900 175,500
AUGUST...... 144,000 170,700
SEPTEMBER... 146,300 177,500
OCTOBER..... 141,500 172,900
NOVEMBER.... 145,000 175,400
DECEMBER.... 145,900 175,800
1998: JANUARY..... 148,000 178,600
FEBRUARY.... 156,000 181,600
MARCH....... 152,700 178,500
APRIL....... 148,000 176,700
MAY......... 153,200 183,500
JUNE........ 148,000 175,900
JULY........ 149,900 179,800
AUGUST...... 154,900 186,500
SEPTEMBER... 155,000 182,700
OCTOBER..... 154,500 182,800
NOVEMBER.... 151,000 178,600
DECEMBER.... 152,500 183,300
1999: JANUARY..... 152,500 182,800
FEBRAURY.... 159,900 191,400
MARCH....... 155,000 189,400
APRIL....... 160,000 191,400
MAY......... 154,800 188,200
JUNE......... 158,300 193,400
JULY......... 157,900 188,800
AUGUST\r..... 154,900 193,300
SEPTEMBER\r.. 160,100 193,900
OCTOBER\r.... 159,000 201,300
NOVEMBER\p... 167,400 209,700
AVERAGE RELATIVE STANDARD ERRORS
ANNUAL (PERCENT).... 2 2
MONTHLY (PERCENT)... 4 2
p Preliminary. r Revised.
1 Houses for which sales price was not reported have been distributed
proportionally to those for which sales price was reported.
2 Total equals 100 percent.
Note: The sales price includes the price of the developed lot.
TABLE 5. CURRENT SEASONAL FACTORS
NEW HOUSES SOLD
MONTH AND YEAR UNITED
STATES
IMPLICIT
FACTOR North- Mid- South West
east west
1999: AUGUST\r.............. 106.3 119.7 101.4 107.0 104.4
SEPTEMBER\r........... 93.5 102.4 86.2 93.4 96.0
OCTOBER\r............. 90.6 80.7 92.1 91.0 91.6
NOVEMBER\p............. 86.9 93.8 86.0 88.1 84.4
MEDIAN MONTHS FROM
START TO..
MONTH AND YEAR MONTHS
NEW SUPPLY AT
HOUSES CURRENT END OF
FOR SALE SALES RATE SALE MONTH
1999: AUGUST\r.............. 99.5 90.7 89.6 92.0
SEPTEMBER\r........... 100.6 105.0 90.6 93.1
OCTOBER\r............. 100.4 108.4 94.4 95.0
NOVEMBER\p............. 100.8 113.8 101.4 96.4
p Preliminary. r Revised.
TABLE 6. MEDIAN NUMBER OF MONTHS ON SALES MARKET
(HOUSES NOT STARTED ARE EXCLUDED. MEDIANS ARE COMPUTED FROM UNROUNDED FIGURES)
HOUSES SOLD HOUSES FOR SALE
MEASURED
MEASURED FROM MEASURED FROM FROM
MONTH OF START MONTH OF START MONTH OF
COMPLETION
NOT NOT NOT
SEASONALLY SEASONALLY SEASONALLY SEASONALLY SEASONALLY
ADJUSTED ADJUSTED ADJUSTED ADJUSTED ADJUSTED
ANNUAL DATA
1995............... 4.3 (X) 5.3 (X) 5.5
1996............... 4.2 (X) 4.8 (X) 4.6
1997............... 3.7 (X) 4.9 (X) 4.3
1998............... 3.5 (X) 4.0 (X) 5.0
MONTHLY DATA
1996: JANUARY...... 4.7 4.0 5.5 5.2 5.7
FEBRUARY.... 4.5 4.0 5.7 5.0 5.7
MARCH....... 4.4 4.3 5.8 5.3 5.5
APRIL....... 4.2 4.1 5.6 5.3 5.7
MAY......... 4.4 4.5 5.4 5.3 5.8
JUNE........ 4.3 4.8 4.9 5.2 5.4
JULY........ 4.2 4.4 4.5 4.9 4.9
AUGUST...... 3.4 3.6 4.4 4.8 5.0
SEPTEMBER... 4.1 4.6 4.5 4.8 4.8
OCTOBER..... 4.0 4.4 4.5 4.7 4.4
NOVEMBER.... 4.3 4.0 4.5 4.7 4.6
DECEMBER.... 4.4 4.2 4.8 4.8 4.6
1997: JANUARY..... 4.8 4.2 5.1 4.9 4.9
FEBRUARY.... 4.5 4.1 5.3 4.8 4.8
MARCH....... 3.9 3.8 5.4 4.9 4.8
APRIL....... 4.1 4.2 5.2 4.8 4.6
MAY......... 3.8 3.8 4.7 4.6 4.7
JUNE........ 2.7 3.0 4.4 4.7 4.6
JULY........ 3.4 3.7 4.3 4.7 4.6
AUGUST...... 3.1 3.4 4.4 4.8 4.2
SEPTEMBER... 3.2 3.5 4.4 4.7 4.2
OCTOBER..... 3.4 3.6 4.4 4.7 4.0
NOVEMBER.... 3.8 3.7 4.6 4.8 3.9
DECEMBER.... 3.8 3.6 4.9 4.9 4.3
1998: JANUARY..... 4.3 3.6 5.1 4.8 4.9
FEBRUARY.... 4.2 3.8 5.3 4.8 5.3
MARCH....... 3.6 3.6 5.1 4.6 5.8
APRIL....... 3.9 3.8 4.5 4.2 5.9
MAY......... 2.7 2.7 4.2 4.2 5.5
JUNE........ 3.2 3.5 3.8 4.1 5.3
JULY........ 3.5 3.6 3.9 4.3 5.1
AUGUST...... 3.1 3.4 4.0 4.3 5.2
SEPTEMBER... 3.5 3.9 3.9 4.2 5.2
OCTOBER..... 3.1 3.3 4.0 4.2 4.8
NOVEMBER.... 3.4 3.4 3.9 4.0 5.0
DECEMBER.... 3.8 3.6 4.0 4.0 5.0
1999: JANUARY..... 3.3 2.8 4.3 4.0 5.1
FEBRUARY.... 4.0 3.6 4.4 4.0 5.1
MARCH....... 3.1 3.1 4.4 3.9 5.0
APRIL....... 3.6 3.4 4.2 4.0 4.8
MAY......... 2.9 3.0 3.8 3.9 4.2
JUNE......... 3.1 3.4 3.8 4.0 3.9
JULY......... 3.2 3.3 3.9 4.2 4.2
AUGUST\r..... 3.2 3.6 3.7 4.0 4.4
SEPTEMBER\r.. 3.0 3.4 3.9 4.2 4.1
OCTOBER\r.... 3.5 3.7 3.8 4.0 4.4
NOVEMBER\p... 3.2 3.1 3.9 4.0 4.5
AVERAGE RELATIVE
STANDARD ERRORS
ANNUAL (PERCENT).... 3 (X) 5 (X) 7
MONTHLY (PERCENT)... 11 11 6 6 13
p Preliminary. r Revised. X Not applicable.
Source: Current Construction Reports, Series C25, New One-Family Houses Sold.
C25 Reports are available from the U.S. Government Printing Office.
Annual subscription: $28.00.
Questions or comments regarding these data may be directed to Dale R. Jacobson,
Residential Construction Branch, Manufacturing and Construction Division,
U.S. Census Bureau. Telephone: (301) 457-1321