MARCH 2000 NEW HOUSING SALES AT ANNUAL RATE OF 966,000
Sales of new one-family houses in March 2000 were at a seasonally adjusted
annual rate of 966,000 according to estimates released today by the U.S.
Census Bureau and the U.S. Department of Housing and Urban Development. This
is 5 (+/-9) percent above the revised February rate of 924,000 and 10 (+/-10)
percent above the revised March 1999 rate of 881,000.
The median sales price of new houses sold in March 2000 was $165,000; the
mean sales price was $202,400. At the end of March, the seasonally adjusted
estimate of new houses for sale was 322,000. This represents a supply of
4.1 months at the current sales rate.
Through March of this year, there were 245,000 houses sold compared with
231,000 sold during the same period last year. This is an increase of
6 (+/-6) percent.
The price index of new one-family houses sold (Fisher Ideal Index) was 129.7
for the first quarter of 2000, up 0.6 percent from the fourth quarter index
of 128.9. The first quarter 1999 index was 127.2.
New Home Sales data for April 2000 will be released on May 31, 2000,
at 10:00 A.M. EDT.
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 2000
issue of Current Construction Reports, C25/00-1, 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: MARCH 2000
United North- Mid-
Period States east west South West
Seasonally adjusted annual rate
1999 - March 881 74 154 390 263
April 930 80 173 411 266
May 896 71 173 417 236
June 948 68 172 437 272
July 936 84 174 430 248
August 914 89 190 385 249
September 848 77 153 381 237
October 906 71 198 385 253
November 895 64 184 396 251
December(r) 916 84 156 415 261
2000 - January(r) 930 81 147 430 272
February(r) 924 78 176 429 241
MARCH(p) 966 87 185 421 272
AVG. RSE(%) 4 19 12 6 7
Not seasonally adjusted
1998 886 81 164 398 243
1999(r) 907 75 173 408 249
AVG. RSE(%) 2 6 7 3 4
1999 First 3 months 231 19 40 108 65
2000 First 3 months 245 20 43 112 70
AVG. RSE(%) 3 9 8 4 3
1999 - March 86 6 16 38 26
December(r) 58 6 9 27 16
2000 - January(r) 70 5 9 34 21
February(r) 81 7 15 38 21
MARCH(p) 94 8 19 40 27
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: MARCH 2000
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
1998 (X) (X) 300 28 63 142 68 (X)
1999(r) (X) (X) 326 28 67 158 72 (X)
AVG. RSE(%) (X) (X) 3 10 6 4 6 (X)
1999 - March 298 4.1 296 25 60 145 67 3.4
April 301 3.9 299 25 59 148 67 3.4
May 305 4.1 302 25 60 149 68 3.6
June 305 4.0 307 26 60 150 71 3.6
July 306 4.0 305 26 61 147 72 3.8
August 307 4.1 305 26 62 148 70 3.8
September 311 4.5 313 25 62 153 72 4.7
October 314 4.2 316 26 64 155 70 4.6
November 317 4.3 319 28 65 155 70 5.1
December(r) 320 4.3 326 28 67 158 72 5.6
2000 - January(r) 322 4.2 322 27 66 158 70 4.6
February(r) 310 4.1 316 25 66 158 67 3.9
MARCH(p) 322 4.1 320 26 67 160 67 3.4
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: MARCH 2000
Period Median Average
1998 152,500 181,900
1999(r) 160,000 195,800
AVG. RSE(%) 2 2
1999 - March 155,000 189,400
December(r) 165,000 203,000
2000 - January(r) 160,000 197,000
February(r) 160,000 199,700
MARCH(p) 165,000 202,400
AVG. RSE(%) 4 2
In dollars. Includes value of improved lot.
(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 13 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
1999\r............... 907 215 367 325
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....... 81 21 32 28
SEPTEMBER.... 67 16 28 23
OCTOBER...... 69 18 31 20
NOVEMBER..... 63 14 27 22
DECEMBER\r... 58 16 24 18
2000: JANUARY\r.... 70 17 29 24
FEBRUARY\r... 81 20 33 28
MARCH\p...... 94 24 39 31
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
1999/r............... 326 84 201 42
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....... 305 71 188 46
SEPTEMBER.... 313 76 191 46
OCTOBER...... 316 76 197 43
NOVEMBER..... 319 81 199 39
DECEMBER\r... 326 84 201 42
2000: JANUARY\r.... 322 88 193 41
FEBRUARY\r... 316 86 187 43
MARCH\p...... 320 85 183 51
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
1999\r.............. 907 32 72 100 189 214 299
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...... 81 3 7 9 20 18 25
SEPTEMBER... 67 2 6 7 14 17 22
OCTOBER..... 69 2 5 6 16 17 22
NOVEMBER.... 63 3 3 7 13 15 24
DECEMBER\r.. 58 2 3 7 11 15 20
2000: JANUARY\r... 70 3 5 7 16 16 23
FEBRUARY\r.. 81 2 6 9 18 20 26
MARCH\p..... 94 3 8 11 18 19 35
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
1999\r.............. 4 8 11 21 24 33
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...... 3 8 11 25 23 30
SEPTEMBER... 3 9 10 20 25 33
OCTOBER..... 4 8 8 24 25 32
NOVEMBER.... 4 4 10 20 24 37
DECEMBER\r.. 4 6 11 18 26 34
2000: JANUARY\r... 4 8 10 22 24 33
FEBRUARY\r.. 3 7 11 23 24 32
MARCH\p..... 3 9 11 19 21 38
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
1999\r.............. 160,000 195,800
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....... 154,900 193,300
SEPTEMBER.... 162,000 194,400
OCTOBER...... 160,000 200,300
NOVEMBER..... 172,900 212,400
DECEMBER\r.. 165,000 203,000
2000: JANUARY\r... 160,000 197,000
FEBRUARY\r.. 160,000 199,700
MARCH\p..... 165,000 202,400
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: DECEMBER\r............ 76.2 84.8 68.5 79.3 73.3
2000: JANUARY\r............. 89.7 78.6 74.4 94.1 94.5
FEBRUARY\r............ 105.7 109.0 105.2 105.4 105.5
MARCH\p............... 117.0 106.4 122.0 115.0 120.0
MEDIAN MONTHS FROM
START TO..
MONTH AND YEAR MONTHS
NEW SUPPLY AT
HOUSES CURRENT END OF
FOR SALE SALES RATE SALE MONTH
1999: DECEMBER\r............ 102.1 130.3 111.0 101.4
2000: JANUARY\r............. 99.8 109.8 114.1 107.2
FEBRUARY\r............ 102.0 94.0 113.3 113.8
MARCH\p............... 99.3 83.4 103.2 111.2
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
1999\r............. 3.3 (X) 4.2 (X) 4.6
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....... 3.2 3.6 3.7 4.0 4.4
SEPTEMBER.... 3.0 3.2 3.9 4.2 4.2
OCTOBER...... 3.4 3.6 3.8 4.0 4.4
NOVEMBER..... 3.1 3.0 4.0 4.1 4.5
DECEMBER\r... 3.6 3.2 4.2 4.1 4.6
2000: JANUARY\r.... 3.6 3.2 4.5 4.2 4.8
FEBRUARY\r... 3.9 3.4 4.8 4.2 5.3
MARCH\p...... 3.6 3.5 4.8 4.3 5.3
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.
TABLE 7. HOUSES SOLD BY SALES PRICE
(COMPONENTS MAY NOT ADD TO TOTAL BECAUSE OF ROUNDING. VALUE OF IMPROVED LOT
INCLUDED IN SALES PRICE. PERCENTS COMPUTED FROM UNROUNDED FIGURES)
60K 70K 80K 90K 100K 120K 150K 200K 250K
PERIOD UNDER TO TO TO TO TO TO TO TO AND
TOTAL 60K 70K 80K 90K 100K 120K 150K 200K 250K OVER
NUMBER OF HOUSES (THOUSANDS)
ANNUAL DATA
1995....... 667 11 15 32 50 51 99 144 127 63 75
1996....... 757 11 15 33 47 57 101 159 160 79 96
1997....... 804 10 12 28 46 47 103 173 177 83 124
1998....... 886 7 12 22 39 52 112 183 208 104 147
1999\r..... 907 6 8 19 33 39 100 189 214 114 185
QUARTERLY DATA
1995
1ST QTR.... 154 4 4 9 12 13 22 33 29 14 15
2ND QTR.... 185 3 4 8 13 13 30 40 35 18 22
3RD QTR.... 182 3 4 9 15 16 27 39 32 17 20
4TH QTR.... 145 2 3 7 11 10 20 32 30 14 17
1996
1ST QTR.... 191 3 4 10 13 16 27 40 38 20 22
2ND QTR.... 204 3 4 9 13 15 26 43 45 19 25
3RD QTR.... 201 3 4 9 14 14 28 42 40 22 24
4TH QTR.... 161 2 3 6 8 12 21 34 35 18 22
1997
1ST QTR.... 211 2 4 8 13 13 29 43 46 23 30
2ND QTR.... 212 3 3 8 11 14 27 46 45 23 33
3RD QTR.... 207 2 4 7 13 13 27 44 47 22 30
4th QTR.... 173 3 2 6 10 9 22 40 38 16 28
1998
1ST QTR.... 220 (B) 3 5 10 14 30 44 52 25 37
2ND QTR.... 248 3 4 6 12 17 31 53 57 28 38
3RD QTR.... 218 (B) 2 6 10 12 28 44 51 25 37
4TH QTR.... 200 2 3 5 8 10 24 43 48 23 34
1999
1ST QTR.... 231 (B) 2 5 9 12 28 49 54 28 43
2ND QTR.... 256 2 2 5 11 12 30 54 58 32 51
3RD QTR.... 228 (B) 2 4 9 10 25 49 54 29 44
4TH QTR\r.. 191 (B) (B) 5 5 6 19 39 48 25 41
2000
1ST QTR\p.. 245 2 2 4 9 11 26 52 55 30 55
AVERAGE RELATIVE STANDARD ERRORS
ANNUAL.(%). 2 11 9 7 7 6 6 5 5 6 6
QTRLY..(%). 3 32 25 19 13 12 7 5 5 7 5
See footnotes at end of table.
TABLE 7. HOUSES SOLD BY SALES PRICE - CONTINUED
(COMPONENTS MAY NOT ADD TO TOTAL BECAUSE OF ROUNDING. VALUE OF IMPROVED LOT
INCLUDED IN SALES PRICE. PERCENTS COMPUTED FROM UNROUNDED FIGURES)
60K 70K 80K 90K 100K 120K 150K 200K 250K
PERIOD UNDER TO TO TO TO TO TO TO TO AND
TOTAL 60K 70K 80K 90K 100K 120K 150K 200K 250K OVER
PERCENT DISTRIBUTION
ANNUAL DATA
1995...... 100 2 2 5 7 8 15 22 19 9 11
1996...... 100 1 2 4 6 8 13 21 21 10 13
1997...... 100 1 2 4 6 6 13 21 22 10 15
1998...... 100 1 1 2 4 6 13 21 23 12 17
1999\r.... 100 1 1 2 4 4 11 21 24 13 20
QUARTERLY DATA
1995
1ST QTR... 100 3 3 6 8 8 14 22 19 9 10
2ND QTR... 100 1 2 4 7 7 16 22 19 10 12
3RD QTR... 100 1 2 5 8 9 15 22 18 9 11
4TH QTR... 100 1 2 5 7 7 14 22 20 9 12
1996
1ST QTR... 100 1 2 5 7 9 14 21 20 10 11
2ND QTR... 100 2 2 4 6 7 13 21 22 9 12
3RD QTR... 100 2 2 4 7 7 14 21 20 11 12
4TH QTR... 100 1 2 4 5 8 13 21 22 11 14
1997
1ST QTR... 100 1 2 4 6 6 14 20 22 11 14
2ND QTR... 100 1 1 4 5 6 13 22 21 11 16
3RD QTR... 100 1 2 3 6 6 13 21 23 10 14
4TH QTR... 100 2 1 3 6 5 13 23 22 9 16
1998
1ST QTR... 100 (B) 1 2 4 6 14 20 24 11 17
2ND QTR... 100 1 2 2 5 7 13 21 23 11 15
3RD QTR... 100 (B) 1 3 5 5 13 20 24 12 17
4TH QTR... 100 1 1 2 4 5 12 21 24 12 17
1999
1ST QTR... 100 (B) 1 2 4 5 12 21 23 12 19
2ND QTR... 100 1 1 2 4 5 12 21 23 12 20
3RD QTR... 100 (B) 1 2 4 5 11 21 24 13 20
4TH QTR\r.. 100 (B) (B) 3 3 3 10 21 25 13 21
2000
1ST QTR\p.. 100 1 1 2 3 4 11 21 23 12 22
AVERAGE RELATIVE STANDARD ERRORS
ANNUAL.(%). (X) 9 7 6 5 5 5 5 4 5 5
QTRLY..(%). (X) 32 25 19 13 12 6 4 4 6 4
B Withheld because estimate did not meet publication standards on the basis
of sample size.
p Preliminary. r Revised. X Not applicable.
TABLE 8. HOUSES SOLD BY SALES PRICE WITHIN REGION
(THOUSANDS OF HOUSES. COMPONENTS MAY NOT ADD TO TOTAL BECAUSE OF ROUNDING.
VALUE OF IMPROVED LOT INCLUDED IN SALES PRICE)
NORTHEAST
80,000 120,000 150,000 200,000
PERIOD TOTAL UNDER TO TO TO AND
SOLD 80,000 119,999 149,999 199,999 OVER
ANNUAL DATA
1995................ 55 2 8 9 13 23
1996................ 74 2 9 11 18 33
1997................ 78 2 8 11 20 36
1998................ 81 (B) 8 12 19 41
1999\r.............. 75 (B) 7 10 16 41
QUARTERLY DATA
1995
1ST QUARTER......... 13 (B) 2 3 3 5
2ND QUARTER......... 17 (B) 2 3 4 7
3RD QUARTER......... 12 (B) 2 2 2 6
4TH QUARTER......... 14 (B) 2 2 3 6
1996
1ST QUARTER......... 12 (B) 2 2 3 5
2ND QUARTER......... 18 (B) 2 2 4 9
3RD QUARTER......... 23 (B) 3 3 6 10
4TH QUARTER......... 17 (B) 2 2 4 9
1997
1ST QUARTER......... 23 (B) 2 3 5 12
2ND QUARTER......... 21 (B) 3 3 5 10
3RD QUARTER......... 18 (B) 2 3 6 7
4TH QUARTER......... 16 (B) 2 2 4 8
1998
1ST QUARTER......... 20 (B) 2 3 5 10
2ND QUARTER......... 24 (B) 2 3 6 12
3RD QUARTER......... 20 (B) 2 2 4 11
4TH QUARTER......... 17 (B) (B) 3 4 9
1999
1ST QUARTER......... 18 (B) 2 4 4 9
2ND QUARTER......... 20 (B) 2 3 5 11
3RD QUARTER......... 22 (B) 3 3 4 12
4TH QUARTER\r....... 16 (B) (B) (B) 4 9
2000
1ST QUARTER\p....... 20 (B) 2 3 4 11
AVERAGE RELATIVE STANDARD ERRORS
ANNUAL....(PERCENT). 6 25 17 9 10 13
QUARTERLY.(PERCENT). 13 61 30 33 30 19
See footnotes at end of table.
TABLE 8. HOUSES SOLD, BY SALES PRICE WITHIN REGION - CONTINUED
(THOUSANDS OF HOUSES. COMPONENTS MAY NOT ADD TO TOTAL BECAUSE OF ROUNDING.
VALUE OF IMPROVED LOT INCLUDED IN SALES PRICE)
MIDWEST
80,000 120,000 150,000 200,000
PERIOD TOTAL UNDER TO TO TO AND
SOLD 80,000 119,999 149,999 199,999 OVER
ANNUAL DATA
1995................ 125 6 41 27 25 26
1996................ 137 6 41 32 29 29
1997................ 140 5 35 30 32 37
1998................ 164 4 37 33 42 48
1999\r.............. 173 4 32 38 42 58
QUARTERLY DATA
1995
1ST QUARTER......... 28 2 9 7 6 5
2ND QUARTER......... 37 2 12 8 7 8
3RD QUARTER......... 33 2 12 7 6 7
4TH QUARTER......... 26 (B) 9 6 5 5
1996
1ST QUARTER......... 35 2 11 8 6 8
2ND QUARTER......... 39 2 11 10 9 8
3RD QUARTER......... 35 2 12 9 7 6
4TH QUARTER......... 27 (B) 7 6 6 6
1997
1ST QUARTER......... 32 2 9 6 8 7
2ND QUARTER......... 42 (B) 11 9 9 11
3RD QUARTER......... 34 (B) 8 7 8 10
4TH QUARTER......... 31 (B) 7 8 7 8
1998
1ST QUARTER......... 44 (B) 9 9 11 13
2ND QUARTER......... 46 2 11 10 12 12
3RD QUARTER......... 40 (B) 8 8 10 12
4TH QUARTER......... 35 (B) 9 6 9 10
1999
1ST QUARTER......... 40 (B) 7 9 10 13
2ND QUARTER......... 52 (B) 12 12 12 15
3RD QUARTER......... 43 (B) 8 9 11 15
4TH QUARTER\r....... 37 (B) 5 9 9 13
2000
1ST QUARTER\p....... 43 2 9 9 9 14
AVERAGE RELATIVE STANDARD ERRORS
ANNUAL....(PERCENT). 7 12 14 15 13 14
QUARTERLY.(PERCENT). 7 36 21 9 14 11
See footnotes at end of table.
TABLE 8. HOUSES SOLD, BY SALES PRICE WITHIN REGION - CONTINUED
(THOUSANDS OF HOUSES. COMPONENTS MAY NOT ADD TO TOTAL BECAUSE OF ROUNDING.
VALUE OF IMPROVED LOT INCLUDED IN SALES PRICE)
SOUTH
80,000 120,000 150,000 200,000
PERIOD TOTAL UNDER TO TO TO AND
SOLD 80,000 119,999 149,999 199,999 OVER
ANNUAL DATA
1995................ 300 42 98 63 49 47
1996................ 337 44 108 69 61 55
1997................ 363 40 115 76 69 64
1998................ 398 33 118 82 80 85
1999\r.............. 408 25 103 88 89 103
QUARTERLY DATA
1995
1ST QUARTER......... 72 13 24 14 11 10
2ND QUARTER......... 76 11 25 17 12 12
3RD QUARTER......... 84 11 30 17 13 13
4TH QUARTER......... 65 8 20 14 13 10
1996
1ST QUARTER......... 87 12 29 16 17 14
2ND QUARTER......... 89 12 29 18 17 13
3RD QUARTER......... 89 14 29 19 14 14
4TH QUARTER......... 74 9 23 17 14 12
1997
1ST QUARTER......... 99 11 33 20 19 16
2ND QUARTER......... 92 11 27 20 18 16
3RD QUARTER......... 95 10 33 19 18 16
4TH QUARTER......... 79 8 24 18 15 13
1998
1ST QUARTER......... 96 7 32 20 19 18
2ND QUARTER......... 110 11 35 21 21 21
3RD QUARTER......... 99 8 30 20 21 20
4TH QUARTER......... 91 8 23 21 18 21
1999
1ST QUARTER......... 107 7 31 22 22 26
2ND QUARTER......... 114 8 30 24 23 30
3RD QUARTER......... 102 6 27 23 22 24
4TH QUARTER\r....... 85 6 17 20 22 21
2000
1ST QUARTER\p....... 112 6 27 28 25 26
AVERAGE RELATIVE STANDARD ERRORS
ANNUAL....(PERCENT). 3 6 7 9 9 7
QUARTERLY.(PERCENT). 4 21 8 6 6 7
See footnotes at end of table.
TABLE 8. HOUSES SOLD, BY SALES PRICE WITHIN REGION - CONTINUED
(THOUSANDS OF HOUSES. COMPONENTS MAY NOT ADD TO TOTAL BECAUSE OF ROUNDING.
VALUE OF IMPROVED LOT INCLUDED IN SALES PRICE)
WEST
80,000 120,000 150,000 200,000
PERIOD TOTAL UNDER TO TO TO AND
SOLD 80,000 119,999 149,999 199,999 OVER
ANNUAL DATA
1995................ 187 8 53 44 40 42
1996................ 209 6 46 47 51 59
1997................ 223 4 38 56 55 70
1998................ 243 2 40 56 67 78
1999\r.............. 249 2 31 53 66 97
QUARTERLY DATA
1995
1ST QUARTER......... 41 2 12 10 9 8
2ND QUARTER......... 55 2 17 12 12 13
3RD QUARTER......... 53 2 14 13 11 12
4TH QUARTER......... 40 2 11 10 9 9
1996
1ST QUARTER......... 58 2 14 14 13 15
2ND QUARTER......... 58 2 12 13 16 15
3RD QUARTER......... 53 (B) 12 12 13 16
4TH QUARTER......... 42 (B) 8 10 10 13
1997
1ST QUARTER......... 58 (B) 10 14 14 18
2ND QUARTER......... 57 (B) 11 14 13 19
3RD QUARTER......... 60 (B) 9 16 16 18
4TH QUARTER......... 47 (B) 8 11 11 15
1998
1ST QUARTER......... 61 (B) 11 13 16 21
2ND QUARTER......... 68 (B) 11 18 18 20
3RD QUARTER......... 59 (B) 10 13 16 19
4TH QUARTER......... 56 (B) 9 13 17 17
1999
1ST QUARTER......... 65 (B) 9 15 17 23
2ND QUARTER......... 71 (B) 9 15 18 27
3RD QUARTER......... 61 (B) 6 14 17 23
4TH QUARTER\r....... 53 (B) 7 9 13 24
2000
1ST QUARTER\p....... 70 (B) 8 12 17 32
AVERAGE RELATIVE STANDARD ERRORS
ANNUAL....(PERCENT). 3 16 9 7 7 6
QUARTERLY.(PERCENT). 3 48 15 10 6 7
B Withheld because estimate did not meet publication standards on the basis
of sample size.
p Preliminary. r Revised.
TABLE 9. MEDIAN SALES PRICE OF HOUSES SOLD BY REGION
(IN DOLLARS)
PERIOD UNITED NORTH-
STATES EAST MIDWEST SOUTH WEST
ANNUAL DATA
1995................ 133,900 180,000 134,000 124,500 141,000
1996................ 140,000 186,000 138,000 126,200 153,900
1997................ 146,000 190,000 149,900 129,600 160,000
1998................ 152,500 200,000 157,500 135,800 163,500
1999\r.............. 160,000 210,000 164,000 145,200 174,000
QUARTERLY DATA
1995
1ST QUARTER......... 130,000 179,900 130,000 118,000 139,400
2ND QUARTER......... 133,900 179,900 136,000 124,500 140,000
3RD QUARTER......... 132,000 179,900 131,000 121,000 143,000
4TH QUARTER......... 138,000 183,500 135,000 127,000 143,000
1996
1ST QUARTER......... 137,000 179,000 135,200 125,500 148,200
2ND QUARTER......... 139,900 199,700 138,200 125,000 155,900
3RD QUARTER......... 140,000 181,000 134,900 123,900 154,800
4TH QUARTER......... 144,100 200,000 145,000 127,900 160,000
1997
1ST QUARTER......... 145,000 204,400 144,900 127,100 159,900
2ND QUARTER......... 145,800 189,000 148,500 129,900 160,000
3RD QUARTER......... 145,000 180,000 150,000 127,000 159,000
4TH QUARTER......... 144,200 195,000 144,500 129,000 159,000
1998
1ST QUARTER......... 152,200 196,000 160,000 131,000 163,400
2ND QUARTER......... 149,500 200,000 152,000 132,300 159,300
3RD QUARTER......... 153,000 212,000 159,000 137,300 166,400
4TH QUARTER......... 153,000 200,000 156,000 138,500 165,000
1999
1ST QUARTER......... 156,900 195,000 165,000 142,800 168,600
2ND QUARTER......... 158,500 210,100 155,000 144,000 170,000
3RD QUARTER......... 159,400 205,400 163,900 142,000 173,000
4TH QUARTER\r....... 165,000 212,000 165,700 149,900 189,000
2000
1ST QUARTER\p....... 162,000 220,000 155,000 145,000 193,000
AVERAGE RELATIVE STANDARD ERRORS
ANNUAL....(PERCENT). 2 7 4 2 2
QUARTERLY.(PERCENT). 2 17 5 3 2
See footnotes at end of table.
TABLE 9. AVERAGE SALES PRICE OF HOUSES SOLD BY REGION
(IN DOLLARS)
PERIOD UNITED NORTH-
STATES EAST MIDWEST SOUTH WEST
ANNUAL DATA
1995................ 158,700 216,600 157,200 142,000 169,800
1996................ 166,400 226,100 158,900 144,200 186,200
1997................ 176,200 234,100 173,0 | 
