2000 census-New One-Family Houses Sold_ June

June New One-Family Houses Sold Seasonally adjusted data back to January 1996 have been revised. See Appendix A for a description of seasonal adjustment and the new seasonal factors. 2000 C25/00-6 Issued August 2000 New One-Family Houses Sold and For Sale and Months' Supply at Current Sales Rate Seasonally adjusted Houses Sold (Annual Rate) Thousands 1999 2000 Current Construction Reports 1075 950 825 700 575 450 325 200 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Houses For Sale Thousands 425 400 375 350 325 300 275 250 225 JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC Number of Months' Supply 1 10 9 8 7 6 5 4 3 2 JAN 1Ratio Months FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC of houses for sale to houses sold at current sales rate. Source: U.S. Census Bureau, New One-Family Houses Sold. Questions regarding these data may be directed to Dale R. Jacobson, Residential Construction Branch, Manufacturing and Construction Division, telephone: 301-457-1321. For sale by the Superintendent of Documents, U.S. Government Printing Office, Washington, DC 20402. U.S. Department of Housing and Urban Development U.S. Department of Commerce Economics and Statistics Administration U.S. CENSUS BUREAU NEW HOUSES SOLD AND FOR SALE This report provides statistics for new privately owned one-family houses sold and for sale. The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly release this report. Sales of new one-family houses in June 2000 were at a seasonally adjusted annual rate of 829,000, compared with the revised May rate of 861,000. The June 1999 rate was 948,000. The median sales price of new houses sold in June was $159,000; the mean sales price was $196,300. Changes in median and average sales prices reflect changing proportions of houses with different locations, sizes, etc., as well as changes in the prices of houses with identical characteristics. For a measure of the change in the sales price of new houses sold which are the same with respect to important characteristics, refer to the price indexes found in Tables 12A and 13 in this report. Table 12 presents the Fisher Ideal chain-type annual-weighted index that does not hold these important characteristics constant. For a description of these indexes, see the appendix in the March 1997 issue of this report. The seasonally adjusted estimate of new houses for sale at the end of June was 327,000. This represents a supply of 4.9 months at the current sales rate. Through June of this year, there were 476,000 houses sold, compared with 488,000 for the same period last year. This is a decrease of 2 percent. EXPLANATORY NOTES The statistics in this report are estimated from sample surveys and are subject to sampling variability, as well as errors of response and nonreporting. Estimated average relative standard errors for preliminary statistics for houses sold and for sale are shown in the tables. For monthly estimates, they are based upon the latest 6-month period ending June or December (January-June or July-December). Quarterly estimates are based upon the more recent of the first 2 quarters or last 2 quarters of the most current year; annual estimates on the last 2 years. For month-to-month comparisons of total houses sold, the range of the 90-percent confidence interval is ±9 percentage points from the estimated change. For year-todate comparisons, the range is ±3 percentage points. When the range of the confidence interval contains zero, it is uncertain whether there was an increase or decrease; that is, the change is not statistically significant. In interpreting changes in the statistics in this report, note that month-to-month changes in seasonally adjusted statistics often show movements which may be irregular. It takes 4 months to establish an underlying trend for new houses sold. Preliminary estimates of new houses sold are subject to revision due to the survey methodology and definitions used. The survey is based primarily on a sample of houses selected from building permits. Since a ‘‘sale’’ is defined as a deposit being accepted or a sales contract being signed, the sale can occur prior to the issuance of a building permit. An estimate of these prior sales is included in the sales figure. On average, the preliminary seasonally adjusted estimate of total sales is revised about ±3 percent. This does not include the revisions made when new seasonal factors are computed. HUD-coded manufactured homes are not included in these statistics. Data for these manufactured homes can be found on the Internet at: www.census.gov/const/www/index.html For further information on these data, contact the Construction Expenditures Branch, Manufacturing and Construction Division. Telephone: 301-457-1605. Historical statistics on new one-family houses sold and for sale from 1963 to date are available from the Residential Construction Branch, Manufacturing and Construction Division, U.S. Census Bureau, Washington, DC 202336900. Telephone: 301-457-1321. RELATED PUBLICATIONS Current Construction Reports, Characteristics of New Housing: 1999, C25/99-A, U.S Census Bureau and U.S. Department of Housing and Urban Development, Washington, DC, 20233-6900. 2 U.S. Census Bureau Table 1. Houses Sold and For Sale and Months’ Supply at Current Sales Rate Not seasonally adjusted Period Number of houses (thousands) Sold during period ANNUAL DATA 1989 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1990 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1991 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1992 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1993 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1994 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1995 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1996 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1997 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1998 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1999 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . MONTHLY DATA 1997: January . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . February . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . March. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . April . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . May . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . June . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . July. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . August . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . September . . . . . . . . . . . . . . . . . . . . . . . . . . . . October . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . November . . . . . . . . . . . . . . . . . . . . . . . . . . . . . December . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1998: January . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . February . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . March. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . April . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . May . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . June . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . July. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . August . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . September . . . . . . . . . . . . . . . . . . . . . . . . . . . . October . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . November . . . . . . . . . . . . . . . . . . . . . . . . . . . . . December . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1999: January . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . February . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . March. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . April . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . May . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . June . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . July. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . August . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . September . . . . . . . . . . . . . . . . . . . . . . . . . . . . October . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . November . . . . . . . . . . . . . . . . . . . . . . . . . . . . . December . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2000: January . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . February . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Marchr . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Aprilr . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Mayr . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Junep . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . AVERAGE RELATIVE STANDARD ERRORS Annual. . . . . . . . . . . . . . . . . . . . . . . . . . . . (percent). . Monthly . . . . . . . . . . . . . . . . . . . . . . . . . . . (percent). . r Preliminary. Revised. X Not applicable. Ratio of houses for sale to houses sold. 2 Annual rate. 1 p Seasonally adjusted Months’ supply at current sales rate1 Number of houses (thousands) Sold during period2 For sale at end of period Months’ supply at current sales rate1 For sale at end of period 650 534 509 610 666 670 667 757 804 886 907 61 69 81 70 71 71 69 72 67 62 61 51 64 75 81 82 82 83 75 75 68 69 70 61 67 78 86 88 83 86 80 81 67 69 63 58 69 80 92 82 79 74 2 4 366 321 284 267 295 340 374 326 287 300 326 309 296 284 289 286 288 289 284 285 287 281 287 282 277 281 286 284 287 284 283 291 296 292 300 294 291 296 299 302 307 305 305 313 316 319 326 321 315 318 314 318 328 3 3 (X) (X) (X) (X) (X) (X) (X) (X) (X) (X) (X) 5.1 4.3 3.5 4.1 4.0 4.0 4.2 4.0 4.3 4.6 4.6 5.7 4.4 3.7 3.5 3.5 3.5 3.4 3.8 3.8 4.3 4.3 4.2 4.9 4.4 3.7 3.4 3.4 3.6 3.6 3.8 3.8 4.7 4.6 5.1 5.6 4.6 3.9 3.4 3.8 4.0 4.4 (X) 5 (X) (X) (X) (X) (X) (X) (X) (X) (X) (X) (X) 830 801 831 744 760 793 805 815 840 800 864 793 872 866 836 866 887 923 876 846 864 893 995 949 918 893 881 930 896 948 936 914 848 906 895 916 927 905 947 869 861 829 (X) 4 (X) (X) (X) (X) (X) (X) (X) (X) (X) (X) (X) 308 301 288 290 287 288 289 287 284 284 281 281 282 281 284 287 287 286 285 286 289 293 292 294 295 296 298 301 305 305 306 307 311 314 317 320 321 309 321 318 320 327 (X) 3 (X) (X) (X) (X) (X) (X) (X) (X) (X) (X) (X) 4.7 4.5 4.1 4.7 4.6 4.4 4.4 4.3 4.2 4.3 3.9 4.4 4.0 3.9 4.1 4.0 3.9 3.8 4.0 4.1 4.1 4.0 3.5 3.8 4.0 3.9 4.1 3.9 4.1 4.0 4.0 4.1 4.5 4.2 4.3 4.3 4.2 4.2 4.1 4.4 4.6 4.9 (X) 5 3 U.S. Census Bureau Table 2. Houses Sold and For Sale by Region [Thousands of houses. Components may not add to total because of rounding] Sold during period Period Not seasonally adjusted United NorthStates east ANNUAL DATA 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 ................. ................. ................. ................. ................. ................. ................. ................. ................. ................. ................. 650 534 509 610 666 670 667 757 804 886 907 61 69 81 70 71 71 69 72 67 62 61 51 64 75 81 82 82 83 75 75 68 69 70 61 67 78 86 88 83 86 80 81 67 69 63 58 69 80 92 82 79 74 86 71 57 65 60 61 55 74 78 81 75 7 9 8 8 8 7 6 7 6 5 6 5 5 8 8 8 9 8 6 7 7 6 7 5 5 7 6 7 6 6 7 8 6 5 5 6 5 7 7 8 6 6 102 89 93 116 123 123 125 137 140 164 173 9 10 13 14 13 15 13 12 10 11 12 9 10 15 18 16 14 17 13 13 13 13 12 11 10 14 16 17 17 17 15 16 12 15 13 9 9 14 18 14 14 12 260 225 215 259 295 295 300 337 363 398 408 29 33 36 30 31 31 30 34 31 28 27 24 32 30 34 37 34 39 35 34 30 31 31 29 32 38 38 38 38 39 37 34 30 29 28 27 34 38 39 38 39 36 202 149 144 170 188 191 187 209 223 243 249 15 18 24 19 18 19 21 19 20 18 16 13 17 22 21 22 25 21 20 21 18 20 20 15 20 19 26 25 22 24 21 22 18 20 17 16 21 21 27 23 20 19 (X) (X) (X) (X) (X) (X) (X) (X) (X) (X) (X) 830 801 831 744 760 793 805 815 840 800 864 793 872 866 836 866 887 923 876 846 864 893 995 949 918 893 881 930 896 948 936 914 848 906 895 916 927 905 947 869 861 829 (X) (X) (X) (X) (X) (X) (X) (X) (X) (X) (X) 107 96 91 83 83 71 66 73 71 72 85 76 73 90 87 87 95 82 72 77 78 77 95 76 78 78 74 80 71 68 84 89 77 71 64 84 79 74 82 80 68 67 (X) (X) (X) (X) (X) (X) (X) (X) (X) (X) (X) 148 119 125 134 137 157 152 138 129 133 166 157 166 187 178 151 147 173 160 149 175 159 161 186 166 173 154 173 173 172 174 190 153 198 184 156 149 163 182 141 143 133 (X) (X) (X) (X) (X) (X) (X) (X) (X) (X) (X) 377 382 375 325 342 352 344 383 388 368 386 354 413 348 354 401 374 433 408 378 382 399 447 434 415 433 390 411 417 437 430 385 381 385 396 415 429 435 413 412 430 408 (X) (X) (X) (X) (X) (X) (X) (X) (X) (X) (X) 197 204 240 202 198 213 243 221 252 227 227 205 220 241 217 226 270 235 237 243 228 258 292 252 258 210 263 266 236 272 248 249 237 253 251 261 270 233 269 237 219 220 366 321 284 267 295 340 374 326 287 300 326 309 296 284 289 286 288 289 284 285 287 281 287 282 277 281 286 284 287 284 283 291 296 292 300 294 291 296 299 302 307 305 305 313 316 319 326 321 315 318 314 318 328 108 77 62 48 53 55 62 38 26 28 28 34 30 28 28 26 27 28 28 27 27 26 26 27 25 24 24 23 23 23 23 24 25 25 28 27 24 25 25 25 26 26 26 25 26 28 28 27 25 26 25 25 26 41 42 41 41 48 63 69 67 65 63 67 65 63 63 65 64 62 63 62 65 66 64 65 62 61 59 61 61 63 61 60 61 64 62 63 61 60 60 59 60 60 61 62 62 64 65 67 66 66 67 68 69 73 123 105 97 104 121 140 158 146 127 142 158 137 132 126 129 127 129 130 127 125 126 124 127 126 128 132 133 134 134 130 131 137 138 137 142 140 141 145 148 149 150 147 148 153 155 155 158 158 157 159 156 157 159 93 97 83 74 73 82 86 74 69 68 72 73 71 67 67 68 69 68 68 68 68 67 69 67 63 67 68 65 68 70 69 69 69 67 68 66 66 67 67 68 71 72 70 72 70 70 72 70 67 66 65 67 71 Midwest South Seasonally adjusted annual rate United NorthWest States east Midwest South United NorthWest States east Midwest South West For sale at end of period (not seasonally adjusted) MONTHLY DATA 1997: January. . . . . . . . . February. . . . . . . . March . . . . . . . . . . April. . . . . . . . . . . . May . . . . . . . . . . . . June . . . . . . . . . . . July . . . . . . . . . . . . August . . . . . . . . . September . . . . . . October. . . . . . . . . November . . . . . . December . . . . . . 1998: January. . . . . . . . . February. . . . . . . . March . . . . . . . . . . April. . . . . . . . . . . . May . . . . . . . . . . . . June . . . . . . . . . . . July . . . . . . . . . . . . August . . . . . . . . . September . . . . . . October. . . . . . . . . November . . . . . . December . . . . . . 1999: January. . . . . . . . . February. . . . . . . . March . . . . . . . . . . April. . . . . . . . . . . . May . . . . . . . . . . . . June . . . . . . . . . . . July . . . . . . . . . . . . August . . . . . . . . . September . . . . . . October. . . . . . . . . November . . . . . . December . . . . . . 2000: January. . . . . . . . . February. . . . . . . . Marchr . . . . . . . . . . Aprilr . . . . . . . . . . . Mayr . . . . . . . . . . . Junep. . . . . . . . . . . AVERAGE RELATIVE STANDARD ERRORS Annual . . . . . (percent). . Monthly . . . . (percent). . p 2 4 6 19 7 12 3 6 4 7 (X) 4 (X) 19 (X) 12 (X) 6 (X) 7 3 3 10 11 6 7 4 5 6 4 Preliminary. r Revised. X Not applicable. 4 U.S. Census Bureau 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 Period Total ANNUAL DATA 1989. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1990. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1991. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1992. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1993. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1994. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1995. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1996. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1997. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1998. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1999. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . MONTHLY DATA 1997: January . . . . . . . . . . . . . . . . . . . . . . . February . . . . . . . . . . . . . . . . . . . . . . March . . . . . . . . . . . . . . . . . . . . . . . . April . . . . . . . . . . . . . . . . . . . . . . . . . . May . . . . . . . . . . . . . . . . . . . . . . . . . . June. . . . . . . . . . . . . . . . . . . . . . . . . . July . . . . . . . . . . . . . . . . . . . . . . . . . . August . . . . . . . . . . . . . . . . . . . . . . . . September . . . . . . . . . . . . . . . . . . . . October . . . . . . . . . . . . . . . . . . . . . . . November . . . . . . . . . . . . . . . . . . . . . December . . . . . . . . . . . . . . . . . . . . . 1998: January . . . . . . . . . . . . . . . . . . . . . . . February . . . . . . . . . . . . . . . . . . . . . . March . . . . . . . . . . . . . . . . . . . . . . . . April . . . . . . . . . . . . . . . . . . . . . . . . . . May . . . . . . . . . . . . . . . . . . . . . . . . . . June. . . . . . . . . . . . . . . . . . . . . . . . . . July . . . . . . . . . . . . . . . . . . . . . . . . . . August . . . . . . . . . . . . . . . . . . . . . . . . September . . . . . . . . . . . . . . . . . . . . October . . . . . . . . . . . . . . . . . . . . . . . November . . . . . . . . . . . . . . . . . . . . . December . . . . . . . . . . . . . . . . . . . . . 1999: January . . . . . . . . . . . . . . . . . . . . . . . February . . . . . . . . . . . . . . . . . . . . . . March . . . . . . . . . . . . . . . . . . . . . . . . April . . . . . . . . . . . . . . . . . . . . . . . . . . May . . . . . . . . . . . . . . . . . . . . . . . . . . June. . . . . . . . . . . . . . . . . . . . . . . . . . July . . . . . . . . . . . . . . . . . . . . . . . . . . August . . . . . . . . . . . . . . . . . . . . . . . . September . . . . . . . . . . . . . . . . . . . . October . . . . . . . . . . . . . . . . . . . . . . . November . . . . . . . . . . . . . . . . . . . . . December . . . . . . . . . . . . . . . . . . . . . 2000: January . . . . . . . . . . . . . . . . . . . . . . . February . . . . . . . . . . . . . . . . . . . . . . Marchr . . . . . . . . . . . . . . . . . . . . . . . . Aprilr. . . . . . . . . . . . . . . . . . . . . . . . . . Mayr . . . . . . . . . . . . . . . . . . . . . . . . . . Junep . . . . . . . . . . . . . . . . . . . . . . . . . AVERAGE RELATIVE STANDARD ERRORS Annual . . . . . . . . . . . . . . . . . . . (percent). . Monthly. . . . . . . . . . . . . . . . . . . (percent). . p For sale at end of period Under construction Completed Under construction Not started Total Completed Not started 650 534 509 610 666 670 667 757 804 886 907 215 193 184 196 198 220 238 275 236 228 215 263 199 172 211 225 230 223 254 295 334 367 172 142 154 202 243 220 205 228 273 324 325 366 321 284 267 295 340 374 326 287 300 326 109 119 104 86 83 108 123 101 92 72 84 188 145 130 135 166 189 199 185 161 185 201 69 57 51 46 47 42 52 40 34 43 42 61 69 81 70 71 71 69 72 67 62 61 51 64 75 81 82 82 83 75 75 68 69 70 61 67 78 86 88 83 86 80 81 67 69 63 58 69 80 92 82 79 74 22 23 25 21 23 19 20 19 18 18 18 14 18 19 20 20 17 21 21 19 18 19 20 17 14 19 19 18 19 21 20 21 16 18 14 16 16 20 20 19 18 20 20 23 29 24 24 30 26 28 26 24 24 17 22 26 30 31 34 31 30 32 26 27 26 23 27 29 35 36 34 34 32 32 28 31 27 24 28 32 37 34 32 29 19 23 27 26 24 22 22 25 22 20 19 19 25 30 31 31 31 31 24 25 25 23 23 21 26 30 31 34 30 31 28 28 23 20 22 18 25 28 35 29 29 25 309 296 284 289 286 288 289 284 285 287 281 287 282 277 281 286 284 287 284 283 291 296 292 300 294 291 296 299 302 307 305 305 313 316 319 326 321 315 318 314 318 328 97 95 91 91 90 89 88 87 90 91 92 92 86 85 81 80 81 77 75 74 75 76 73 72 72 70 71 73 76 76 73 71 76 76 81 84 88 86 89 88 94 93 174 165 158 165 163 163 165 163 164 163 158 161 161 157 164 168 166 173 171 172 177 181 185 185 182 182 187 183 186 181 183 188 191 197 199 201 192 187 184 184 185 190 38 37 35 33 33 36 36 34 31 33 31 34 35 35 36 38 37 37 39 37 39 39 34 43 39 39 38 44 40 50 49 46 46 43 39 42 41 42 45 41 39 45 2 4 4 7 3 5 5 11 3 3 4 5 3 3 6 5 Preliminary. r Revised. 5 U.S. Census Bureau Table 4. Houses Sold by Sales Price [Thousands of houses. Components may not add to total because of rounding. Percents computed from unrounded figures] Number of houses1 Period Percent distribution2 Median sales $120,000 $150,000 to to $200,000 price $149,999 $199,999 and over (dollars) Average sales price (dollars) 6 U.S. Census Bureau $80,000 $100,000 $120,000 $150,000 $80,000 $100,000 Under to to to to $200,000 Under to to Total $80,000 $99,999 $119,999 $149,999 $199,999 and over $80,000 $99,999 $119,999 ANNUAL DATA 1995. . . . . . . . . . . . . . . . . . . . . . 1996. . . . . . . . . . . . . . . . . . . . . . 1997. . . . . . . . . . . . . . . . . . . . . . 1998. . . . . . . . . . . . . . . . . . . . . . 1999. . . . . . . . . . . . . . . . . . . . . . MONTHLY DATA 1998: January . . . . . . . . . . . . . February . . . . . . . . . . . . March . . . . . . . . . . . . . . April . . . . . . . . . . . . . . . . May . . . . . . . . . . . . . . . . June. . . . . . . . . . . . . . . . July . . . . . . . . . . . . . . . . August . . . . . . . . . . . . . . September . . . . . . . . . . October . . . . . . . . . . . . . November . . . . . . . . . . . December . . . . . . . . . . . 1999: January . . . . . . . . . . . . . February . . . . . . . . . . . . March . . . . . . . . . . . . . . April . . . . . . . . . . . . . . . . May . . . . . . . . . . . . . . . . June. . . . . . . . . . . . . . . . July . . . . . . . . . . . . . . . . August . . . . . . . . . . . . . . September . . . . . . . . . . October . . . . . . . . . . . . . November . . . . . . . . . . . December . . . . . . . . . . . 2000: January . . . . . . . . . . . . . February . . . . . . . . . . . . Marchr . . . . . . . . . . . . . . Aprilr. . . . . . . . . . . . . . . . Mayr . . . . . . . . . . . . . . . . Junep . . . . . . . . . . . . . . . AVERAGE RELATIVE STANDARD ERRORS Annual . . . . . . . . . (percent). . Monthly. . . . . . . . . (percent). . p 1 667 757 804 886 907 58 59 51 41 32 101 104 93 91 72 99 101 103 112 100 144 159 173 183 189 127 160 177 208 214 138 175 207 251 299 9 8 6 5 4 15 14 12 10 8 15 13 13 13 11 22 21 21 21 21 19 21 22 23 24 21 23 26 28 33 133,900 140,000 146,000 152,500 160,000 158,700 166,400 176,200 181,900 195,800 64 75 81 82 82 83 75 75 68 69 70 61 67 78 86 88 83 86 80 81 67 69 63 58 69 80 92 82 79 74 3 3 3 4 4 5 5 4 2 3 3 3 3 3 3 2 3 3 3 3 2 2 3 2 3 2 2 3 3 4 8 8 8 9 9 10 8 7 7 7 6 5 7 6 8 10 7 6 7 7 6 5 3 3 5 6 7 6 7 6 9 11 10 11 11 10 10 9 8 9 9 7 7 10 11 9 10 10 10 9 7 6 7 7 6 8 11 9 10 7 13 13 17 19 15 18 15 16 14 13 16 14 15 17 18 18 19 18 15 20 14 16 13 11 15 17 19 17 16 17 14 18 20 18 20 19 16 17 18 16 17 15 17 17 21 21 18 20 19 18 17 17 15 15 16 20 19 18 15 15 17 23 22 22 23 21 21 23 18 21 19 17 18 26 26 28 26 28 26 25 22 22 24 20 24 26 35 29 28 25 4 4 4 5 5 6 6 5 3 5 4 6 4 4 3 3 4 4 4 3 3 4 4 4 4 2 2 4 3 6 12 10 10 11 11 12 10 10 10 11 9 8 11 7 9 11 8 7 9 8 9 8 4 6 7 7 7 8 9 8 14 15 12 13 13 12 14 12 12 13 12 11 11 13 13 11 13 12 13 11 10 8 10 11 9 11 12 11 12 9 21 17 21 23 19 22 20 21 21 18 23 23 23 21 21 20 23 21 18 25 20 24 20 18 22 22 20 21 21 23 22 23 25 22 24 22 21 22 27 23 24 24 25 21 24 23 21 23 24 23 25 25 24 26 23 25 21 22 19 20 27 31 27 26 28 26 28 30 26 30 27 28 27 33 30 32 31 33 32 30 33 32 37 34 34 33 38 35 36 35 148,000 156,000 152,700 148,000 153,200 148,000 149,900 154,900 155,000 154,500 151,000 152,500 152,500 159,900 155,000 160,000 154,800 158,300 157,900 154,900 162,000 160,000 172,900 165,000 163,000 162,300 165,700 161,400 161,200 159,000 178,600 181,600 178,500 176,700 183,500 175,900 179,800 186,500 182,700 182,800 178,600 183,300 182,800 191,400 189,400 191,400 188,200 193,400 188,800 193,300 194,400 200,300 212,400 203,000 200,100 199,600 205,300 207,300 198,300 196,300 2 4 7 24 5 16 6 13 5 8 5 8 5 7 7 24 5 15 6 12 5 7 5 7 5 6 2 4 2 2 r Preliminary. Revised. 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 land. Table 5. Current Seasonal Factors Median months from start to— New houses for sale 99.2 98.6 99.3 100.4 Months’ supply at current sales rate 83.2 86.3 88.2 90.6 New houses sold Month and year United States implicit factor 117.0 113.4 109.9 106.7 Northeast 106.5 113.5 107.8 105.5 Midwest 121.8 120.8 115.7 109.4 South 114.2 110.2 108.7 106.5 West 121.5 114.5 109.0 105.9 Sale 102.6 103.0 92.0 90.8 End of month 111.0 107.2 99.7 93.8 2000: Marchr . . . . . . . . . . . . . . . . . . . . . Aprilr . . . . . . . . . . . . . . . . . . . . . . Mayr . . . . . . . . . . . . . . . . . . . . . . . Junep . . . . . . . . . . . . . . . . . . . . . . p Preliminary. r Revised. Note: These are the seasonal factors used to adjust the most current preliminary and revised estimates. The factors are produced by running each series through the X-12 ARIMA version seasonal adjustment program. For new houses sold, only the four regional series are run through this X-12 program. The resulting seasonally adjusted estimates are then added to produce an estimate for the United States. The implicit factor is the result of dividing the unadjusted estimate by the seasonally adjusted estimate. It provides an indication of the overall seasonality for the particular month. Table 6. Median Number of Months on Sales Market [Houses not started are excluded. Medians computed from unrounded figures.] Houses for sale Measured from month of start Not seasonally adjusted Measured from month of completion (not seasonally adjusted) Houses for sale Measured from month of start Not seasonally adjusted 3.9 4.0 3.9 4.0 3.9 4.0 Measured from month of completion (not seasonally adjusted) 5.1 5.2 5.2 4.8 5.0 5.0 Houses sold, measured from month of start Period Not seasonally adjusted ANNUAL DATA 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 .............. .............. .............. .............. .............. .............. .............. .............. .............. .............. .............. 4.3 4.5 4.4 3.5 3.6 3.8 4.3 4.2 3.7 3.5 3.3 (X) (X) (X) (X) (X) (X) (X) (X) (X) (X) (X) Seasonally adjusted Houses sold, measured from month of start Period Not seasonally adjusted July . . . . . . . . . . . . . . . August. . . . . . . . . . . . . September . . . . . . . . . October . . . . . . . . . . . . November . . . . . . . . . . December . . . . . . . . . . 1999 January . . . . . . . . . . . . February . . . . . . . . . . . March . . . . . . . . . . . . . April. . . . . . . . . . . . . . . May . . . . . . . . . . . . . . . June . . . . . . . . . . . . . . July . . . . . . . . . . . . . . . August. . . . . . . . . . . . . September . . . . . . . . . October . . . . . . . . . . . . November . . . . . . . . . . December . . . . . . . . . . 2000 January . . . . . . . . . . . . February . . . . . . . . . . . Marchr . . . . . . . . . . . . . Aprilr . . . . . . . . . . . . . . Mayr . . . . . . . . . . . . . . Junep . . . . . . . . . . . . . 3.6 3.8 3.4 3.4 2.9 3.1 3.2 3.4 3.3 3.3 3.1 3.4 3.3 4.0 3.1 3.6 2.9 3.1 3.2 3.2 3.0 3.4 3.1 3.6 2.8 3.6 3.1 3.5 3.1 3.4 3.4 3.6 3.2 3.6 3.0 3.2 3.5 3.1 3.5 3.1 3.4 3.8 Seasonally adjusted 3.7 3.4 3.8 3.3 3.4 3.5 Seasonally adjusted Seasonally adjusted 4.3 4.4 4.2 4.2 4.0 4.0 6.5 7.8 6.8 5.2 4.4 4.9 5.3 4.8 4.9 4.0 4.2 (X) (X) (X) (X) (X) (X) (X) (X) (X) (X) (X) 5.5 5.7 6.9 6.3 4.6 4.1 5.5 4.6 4.3 5.0 4.6 MONTHLY DATA 1997 January . . . . . . . . . . . . February . . . . . . . . . . . March . . . . . . . . . . . . . April. . . . . . . . . . . . . . . May . . . . . . . . . . . . . . . June . . . . . . . . . . . . . . July . . . . . . . . . . . . . . . August. . . . . . . . . . . . . September . . . . . . . . . October . . . . . . . . . . . . November . . . . . . . . . . December . . . . . . . . . . 1998 January . . . . . . . . . . . . February . . . . . . . . . . . March . . . . . . . . . . . . . April. . . . . . . . . . . . . . . May . . . . . . . . . . . . . . . June . . . . . . . . . . . . . . p 4.3 4.4 4.4 4.2 3.8 3.8 3.9 3.7 3.9 3.8 4.0 4.2 4.0 4.0 3.9 4.0 3.8 4.1 4.2 4.1 4.2 4.0 4.1 4.1 5.1 5.1 5.0 4.8 4.2 3.9 4.2 4.4 4.2 4.4 4.5 4.6 4.8 4.5 3.9 4.1 3.8 2.7 3.4 3.1 3.2 3.4 3.8 3.8 4.3 4.2 3.6 3.9 2.7 3.2 r 4.2 4.0 3.9 4.0 4.0 3.0 3.6 3.4 3.5 3.6 3.7 3.5 3.7 3.7 3.5 3.8 2.8 3.5 X Not applicable. 5.1 5.3 5.4 5.2 4.7 4.4 4.3 4.4 4.4 4.4 4.6 4.9 5.1 5.3 5.1 4.5 4.2 3.8 4.8 4.8 4.9 4.8 4.7 4.7 4.7 4.8 4.7 4.7 4.8 4.8 4.8 4.8 4.6 4.3 4.1 4.1 4.9 4.8 4.8 4.6 4.7 4.6 4.6 4.2 4.2 4.0 3.9 4.3 4.5 4.8 4.8 4.8 4.5 4.3 4.2 4.2 4.4 4.5 4.5 4.6 4.8 5.3 5.4 5.6 5.1 5.0 4.9 5.3 AVERAGE RELATIVE 5.8 STANDARD 5.9 ERRORS 5.5 Annual . . . (percent). . 5.3 Monthly . . . (percent). . 3 11 (X) 11 5 6 (X) 6 7 13 Preliminary. Revised. 7 U.S. Census Bureau 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] $60,000 to $69,999 $70,000 to $79,999 $80,000 to $89,999 $90,000 $100,000 $120,000 $150,000 $200,000 to to to to to $99,999 $119,999 $149,999 $199,999 $249,999 Period Total Under $60,000 $250,000 and over Number of houses (thousands) ANNUAL DATA 1994. . . . . . . . . . . . . . . . . . . . . . . . 1995. . . . . . . . . . . . . . . . . . . . . . . . 1996. . . . . . . . . . . . . . . . . . . . . . . . 1997. . . . . . . . . . . . . . . . . . . . . . . . 1998. . . . . . . . . . . . . . . . . . . . . . . . 1999. . . . . . . . . . . . . . . . . . . . . . . . QUARTERLY DATA 1994 1st quarter . . . . . . . . . . . . . . . . . . 2nd quarter . . . . . . . . . . . . . . . . . . 3rd quarter . . . . . . . . . . . . . . . . . . 4th quarter . . . . . . . . . . . . . . . . . . 1995 1st quarter . . . . . . . . . . . . . . . . . . 2nd quarter . . . . . . . . . . . . . . . . . . 3rd quarter . . . . . . . . . . . . . . . . . . 4th quarter . . . . . . . . . . . . . . . . . . 1996 1st quarter . . . . . . . . . . . . . . . . . . 2nd quarter . . . . . . . . . . . . . . . . . . 3rd quarter . . . . . . . . . . . . . . . . . . 4th quarter . . . . . . . . . . . . . . . . . . 1997 1st quarter . . . . . . . . . . . . . . . . . . 2nd quarter . . . . . . . . . . . . . . . . . . 3rd quarter . . . . . . . . . . . . . . . . . . 4th quarter . . . . . . . . . . . . . . . . . . 1998 1st quarter . . . . . . . . . . . . . . . . . . 2nd quarter . . . . . . . . . . . . . . . . . . 3rd quarter . . . . . . . . . . . . . . . . . . 4th quarter . . . . . . . . . . . . . . . . . . 1999 1st quarter . . . . . . . . . . . . . . . . . . 2nd quarter . . . . . . . . . . . . . . . . . . 3rd quarter . . . . . . . . . . . . . . . . . . 4th quarter . . . . . . . . . . . . . . . . . . 2000 1st quarterr . . . . . . . . . . . . . . . . . . 2nd quarterp . . . . . . . . . . . . . . . . . AVERAGE RELATIVE STANDARD ERRORS Annual . . . . . . . . . . . .(percent). . Quarterly . . . . . . . . . .(percent). . See footnotes at end of table. 2 3 11 32 9 25 7 19 7 13 6 12 6 7 5 5 5 5 6 7 6 5 242 235 (B) 2 2 3 3 5 8 10 9 10 26 25 50 50 56 48 31 31 55 51 231 256 228 191 (B) 2 (B) (B) 2 2 2 (B) 5 5 4 5 9 11 9 5 12 12 10 6 28 30 25 19 49 54 49 39 54 58 54 48 28 32 29 25 43 51 44 41 220 248 218 200 (B) 3 (B) 2 3 4 2 3 5 6 6 5 10 12 10 8 14 17 12 10 30 31 28 24 44 53 44 43 52 57 51 48 25 28 25 23 37 38 37 34 211 212 207 173 2 3 2 3 4 3 4 2 8 8 7 6 13 11 13 10 13 14 13 9 29 27 27 22 43 46 44 40 46 45 47 38 23 23 22 16 30 33 30 28 191 204 201 161 3 3 3 2 4 4 4 3 10 9 9 6 13 13 14 8 16 15 14 12 27 26 28 21 40 43 42 34 38 45 40 35 20 19 22 18 22 25 24 22 154 185 182 145 4 3 3 2 4 4 4 3 9 8 9 7 12 13 15 11 13 13 16 10 22 30 27 20 33 40 39 32 29 35 32 30 14 18 17 14 15 22 20 17 177 185 166 141 3 5 6 3 7 6 4 5 10 11 8 6 14 13 14 11 16 15 14 13 26 26 23 19 35 41 34 31 34 34 32 27 15 16 13 11 18 20 17 16 670 667 757 804 886 907 16 11 11 10 7 6 21 15 15 12 12 8 35 32 33 28 22 19 51 50 47 46 39 33 57 51 57 47 52 39 93 99 101 103 112 100 140 144 159 173 183 189 129 127 160 177 208 214 55 63 79 83 104 114 72 75 96 124 147 185 8 U.S. Census Bureau Table 7. Houses Sold by Sales Price—Con. [Components may not add to total because of rounding. Value of improved lot included in sales price. Percents computed from unrounded figures] $60,000 to $69,999 $70,000 to $79,999 $80,000 to $89,999 $90,000 $100,000 $120,000 $150,000 $200,000 to to to to to $99,999 $119,999 $149,999 $199,999 $249,999 Period Total Under $60,000 $250,000 and over Percent distribution ANNUAL DATA 1994. . . . . . . . . . . . . . . . . . . . . . . . 1995. . . . . . . . . . . . . . . . . . . . . . . . 1996. . . . . . . . . . . . . . . . . . . . . . . . 1997. . . . . . . . . . . . . . . . . . . . . . . . 1998. . . . . . . . . . . . . . . . . . . . . . . . 1999. . . . . . . . . . . . . . . . . . . . . . . . QUARTERLY DATA 1994 1st quarter . . . . . . . . . . . . . . . . . . 2nd quarter . . . . . . . . . . . . . . . . . . 3rd quarter . . . . . . . . . . . . . . . . . . 4th quarter . . . . . . . . . . . . . . . . . . 1995 1st quarter . . . . . . . . . . . . . . . . . . 2nd quarter . . . . . . . . . . . . . . . . . . 3rd quarter . . . . . . . . . . . . . . . . . . 4th quarter . . . . . . . . . . . . . . . . . . 1996 1st quarter . . . . . . . . . . . . . . . . . . 2nd quarter . . . . . . . . . . . . . . . . . . 3rd quarter . . . . . . . . . . . . . . . . . . 4th quarter . . . . . . . . . . . . . . . . . . 1997 1st quarter . . . . . . . . . . . . . . . . . . 2nd quarter . . . . . . . . . . . . . . . . . . 3rd quarter . . . . . . . . . . . . . . . . . . 4th quarter . . . . . . . . . . . . . . . . . . 1998 1st quarter . . . . . . . . . . . . . . . . . . 2nd quarter . . . . . . . . . . . . . . . . . . 3rd quarter . . . . . . . . . . . . . . . . . . 4th quarter . . . . . . . . . . . . . . . . . . 1999 1st quarter . . . . . . . . . . . . . . . . . . 2nd quarter . . . . . . . . . . . . . . . . . . 3rd quarter . . . . . . . . . . . . . . . . . . 4th quarter . . . . . . . . . . . . . . . . . . 2000 1st quarterr . . . . . . . . . . . . . . . . . . 2nd quarterp . . . . . . . . . . . . . . . . . AVERAGE RELATIVE STANDARD ERRORS Annual . . . . . . . . . . . .(percent). . Quarterly . . . . . . . . . .(percent). . (X) (X) 9 32 7 25 6 19 5 13 5 12 p 100 100 100 100 100 100 2 2 1 1 1 1 3 2 2 2 1 1 5 5 4 4 2 2 8 7 6 6 4 4 9 8 8 6 6 4 14 15 13 13 13 11 21 22 21 21 21 21 19 19 21 22 23 24 8 9 10 10 12 13 11 11 13 15 17 20 100 100 100 100 2 3 4 2 4 3 2 3 6 6 5 5 8 7 8 7 9 8 9 9 14 14 14 14 20 22 20 22 19 18 19 19 8 9 8 8 10 11 10 11 100 100 100 100 3 1 1 1 3 2 2 2 6 4 5 5 8 7 8 7 8 7 9 7 14 16 15 14 22 22 22 22 19 19 18 20 9 10 9 9 10 12 11 12 100 100 100 100 1 2 2 1 2 2 2 2 5 4 4 4 7 6 7 5 9 7 7 8 14 13 14 13 21 21 21 21 20 22 20 22 10 9 11 11 11 12 12 14 100 100 100 100 1 1 1 2 2 1 2 1 4 4 3 3 6 5 6 6 6 6 6 5 14 13 13 13 20 22 21 23 22 21 23 22 11 11 10 9 14 16 14 16 100 100 100 100 (B) 1 (B) 1 1 2 1 1 2 2 3 2 4 5 5 4 6 7 5 5 14 13 13 12 20 21 20 21 24 23 24 24 11 11 12 12 17 15 17 17 100 100 100 100 (B) 1 (B) (B) 1 1 1 (B) 2 2 2 3 4 4 4 3 5 5 5 3 12 12 11 10 21 21 21 21 23 23 24 25 12 12 13 13 19 20 20 21 100 100 (B) 1 1 1 1 2 3 4 4 4 11 11 21 21 23 21 13 13 23 22 5 6 Preliminary. r 5 4 Revised. 4 4 5 6 5 4 B Withheld because estimate did not meet publication standards on the basis of sample size. X Not applicable. 9 U.S. Census Bureau 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 Period Total sold ANNUAL DATA 1994 1995 1996 1997 1998 1999 ................. ................. ................. ................. ................. ................. 61 55 74 78 81 75 2 2 2 2 1 1 10 8 9 8 8 7 11 9 11 11 12 10 17 13 18 20 19 16 21 23 33 36 41 41 123 125 137 140 164 173 10 6 6 5 4 4 37 41 41 35 37 32 28 27 32 30 33 38 25 25 29 32 42 42 22 26 29 37 48 58 $80,000 $120,000 $150,000 Under to to to $200,000 $80,000 $119,999 $149,999 $199,999 and over Total sold Midwest $80,000 $120,000 $150,000 Under to to to $80,000 $119,999 $149,999 $199,999 $200,000 and over QUARTERLY DATA 1994 1st quarter . . . . . . . . . . . . 2nd quarter . . . . . . . . . . . 3rd quarter . . . . . . . . . . . . 4th quarter . . . . . . . . . . . . 1995 1st quarter . . . . . . . . . . . . 2nd quarter . . . . . . . . . . . 3rd quarter . . . . . . . . . . . . 4th quarter . . . . . . . . . . . . 1996 1st quarter . . . . . . . . . . . . 2nd quarter . . . . . . . . . . . 3rd quarter . . . . . . . . . . . . 4th quarter . . . . . . . . . . . . 1997 1st quarter . . . . . . . . . . . . 2nd quarter . . . . . . . . . . . 3rd quarter . . . . . . . . . . . . 4th quarter . . . . . . . . . . . . 1998 1st quarter . . . . . . . . . . . . 2nd quarter . . . . . . . . . . . 3rd quarter . . . . . . . . . . . . 4th quarter . . . . . . . . . . . . 1999 1st quarter . . . . . . . . . . . . 2nd quarter . . . . . . . . . . . 3rd quarter . . . . . . . . . . . . 4th quarter . . . . . . . . . . . . 2000 1st quarterr. . . . . . . . . . . . 2nd quarterp. . . . . . . . . . . AVERAGE RELATIVE STANDARD ERRORS Annual. . . . . .(percent). . Quarterly. . . .(percent). . 19 20 (B) (B) (B) 2 2 2 4 3 11 12 43 40 (B) (B) 7 6 8 11 10 11 16 11 18 20 22 16 (B) (B) (B) (B) 2 2 3 (B) 4 3 3 (B) 4 5 4 4 9 11 12 9 40 52 43 37 (B) (B) (B) (B) 7 12 8 5 9 12 9 9 10 12 11 9 13 15 15 13 20 24 20 17 (B) (B) (B) (B) 2 2 2 (B) 3 3 2 3 5 6 4 4 10 12 11 9 44 46 40 35 (B) 2 (B) (B) 9 11 8 9 9 10 8 6 11 12 10 9 13 12 12 10 23 21 18 16 (B) (B) (B) (B) 2 3 2 2 3 3 3 2 5 5 6 4 12 10 7 8 32 42 34 31 2 (B) (B) (B) 9 11 8 7 6 9 7 8 8 9 8 7 7 11 10 8 12 18 23 17 (B) (B) (B) (B) 2 2 3 2 2 2 3 2 3 4 6 4 5 9 10 9 35 39 35 27 2 2 2 (B) 11 11 12 7 8 10 9 6 6 9 7 6 8 8 6 6 13 17 12 14 (B) (B) (B) (B) 2 2 2 2 3 3 2 2 3 4 2 3 5 7 6 6 28 37 33 26 2 2 2 (B) 9 12 12 9 7 8 7 6 6 7 6 5 5 8 7 5 12 16 18 14 (B) (B) (B) (B) 2 2 4 2 2 3 3 3 3 5 4 4 4 5 6 5 32 36 27 26 4 3 2 2 9 11 8 9 6 9 7 6 7 7 5 5 6 7 5 5 6 13 25 61 17 30 9 33 10 30 13 19 7 7 12 36 14 21 15 9 13 14 14 11 See footnotes at end of table. 10 U.S. Census Bureau Table 8. Houses Sold by Sales Price Within Region—Con. [Thousands of houses Components may not add to total because of rounding. Value of improved lot included in sales price] South Period Total sold ANNUAL DATA 1994 1995 1996 1997 1998 1999 ................. ................. ................. ................. ................. ................. 295 300 337 363 398 408 52 42 44 40 33 25 101 98 108 115 118 103 54 63 69 76 82 88 46 49 61 69 80 89 41 47 55 64 85 103 191 187 209 223 243 249 8 8 6 4 2 2 53 53 46 38 40 31 47 44 47 56 56 53 41 40 51 55 67 66 42 42 59 70 78 97 $80,000 $120,000 $150,000 Under to to to $200,000 $80,000 $119,999 $149,999 $199,999 and over Total sold West $80,000 $120,000 $150,000 Under to to to $80,000 $119,999 $149,999 $199,999 $200,000 and over QUARTERLY DATA 1994 1st quarter . . . . . . . . . . . . 2nd quarter . . . . . . . . . . . 3rd quarter . . . . . . . . . . . . 4th quarter . . . . . . . . . . . . 1995 1st quarter . . . . . . . . . . . . 2nd quarter . . . . . . . . . . . 3rd quarter . . . . . . . . . . . . 4th quarter . . . . . . . . . . . . 1996 1st quarter . . . . . . . . . . . . 2nd quarter . . . . . . . . . . . 3rd quarter . . . . . . . . . . . . 4th quarter . . . . . . . . . . . . 1997 1st quarter . . . . . . . . . . . . 2nd quarter . . . . . . . . . . . 3rd quarter . . . . . . . . . . . . 4th quarter . . . . . . . . . . . . 1998 1st quarter . . . . . . . . . . . . 2nd quarter . . . . . . . . . . . 3rd quarter . . . . . . . . . . . . 4th quarter . . . . . . . . . . . . 1999 1st quarter . . . . . . . . . . . . 2nd quarter . . . . . . . . . . . 3rd quarter . . . . . . . . . . . . 4th quarter . . . . . . . . . . . . 2000 1st quarterr. . . . . . . . . . . . 2nd quarterp. . . . . . . . . . . AVERAGE RELATIVE STANDARD ERRORS Annual. . . . . .(percent). . Quarterly. . . .(percent). . 111 113 5 8 26 30 27 25 26 22 28 28 69 62 (B) (B) 8 6 13 13 16 13 31 31 107 114 102 85 7 8 6 6 31 30 27 17 22 24 23 20 22 23 22 22 26 30 24 21 65 71 61 53 (B) (B) (B) (B) 9 9 6 7 15 15 14 9 17 18 17 13 23 27 23 24 96 110 99 91 7 11 8 8 32 35 30 23 20 21 20 21 19 21 21 18 18 21 20 21 61 68 59 56 (B) (B) (B) (B) 11 11 10 9 13 18 13 13 16 18 16 17 21 20 19 17 99 92 95 79 11 11 10 8 33 27 33 24 20 20 19 18 19 18 18 15 16 16 16 13 58 57 60 47 (B) (B) (B) (B) 10 11 9 8 14 14 16 11 14 13 16 11 18 19 18 15 87 89 89 74 12 12 14 9 29 29 29 23 16 18 19 17 17 17 14 14 14 13 14 12 58 58 53 42 2 2 (B) (B) 14 12 12 8 14 13 12 10 13 16 13 10 15 15 16 13 72 76 84 65 13 11 11 8 24 25 30 20 14 17 17 14 11 12 13 13 10 12 13 10 41 55 53 40 2 2 2 2 12 17 14 11 10 12 13 10 9 12 11 9 8 13 12 9 80 80 72 62 13 15 14 11 28 27 25 22 14 15 12 13 13 12 11 9 11 12 9 8 54 52 49 38 2 3 2 1 16 14 14 10 13 14 12 9 11 10 11 9 12 11 10 9 3 4 6 21 7 8 9 6 9 6 7 7 3 3 p 16 48 Preliminary. 9 15 r 7 10 7 6 6 7 B Withheld because estimate did not meet publication standards on the basis of sample size. Revised. 11 U.S. Census Bureau Table 9. Median and Average Sales Price of Houses Sold by Region [Dollars] Median sales price Period United States Northeast Midwest South West Average sales price United States Northeast Midwest South West ANNUAL DATA 1994 . . . . . . . . . . . . . . . . . . . . . . . . . . 1995 . . . . . . . . . . . . . . . . . . . . . . . . . . 1996 . . . . . . . . . . . . . . . . . . . . . . . . . . 1997 . . . . . . . . . . . . . . . . . . . . . . . . . . 1998 . . . . . . . . . . . . . . . . . . . . . . . . . . 1999 . . . . . . . . . . . . . . . . . . . . . . . . . . QUARTERLY DATA 1994 1st quarter. . . . . . . . . . . . . . . . . . . . . 2nd quarter . . . . . . . . . . . . . . . . . . . . 3rd quarter . . . . . . . . . . . . . . . . . . . . 4th quarter. . . . . . . . . . . . . . . . . . . . . 1995 1st quarter. . . . . . . . . . . . . . . . . . . . . 2nd quarter . . . . . . . . . . . . . . . . . . . . 3rd quarter . . . . . . . . . . . . . . . . . . . . 4th quarter. . . . . . . . . . . . . . . . . . . . . 1996 1st quarter. . . . . . . . . . . . . . . . . . . . . 2nd quarter . . . . . . . . . . . . . . . . . . . . 3rd quarter . . . . . . . . . . . . . . . . . . . . 4th quarter. . . . . . . . . . . . . . . . . . . . . 1997 1st quarter. . . . . . . . . . . . . . . . . . . . . 2nd quarter . . . . . . . . . . . . . . . . . . . . 3rd quarter . . . . . . . . . . . . . . . . . . . . 4th quarter. . . . . . . . . . . . . . . . . . . . . 1998 1st quarter. . . . . . . . . . . . . . . . . . . . . 2nd quarter . . . . . . . . . . . . . . . . . . . . 3rd quarter . . . . . . . . . . . . . . . . . . . . 4th quarter. . . . . . . . . . . . . . . . . . . . . 1999 1st quarter. . . . . . . . . . . . . . . . . . . . . 2nd quarter . . . . . . . . . . . . . . . . . . . . 3rd quarter . . . . . . . . . . . . . . . . . . . . 4th quarter. . . . . . . . . . . . . . . . . . . . . 2000 1st quarterr . . . . . . . . . . . . . . . . . . . . 2nd quarterp . . . . . . . . . . . . . . . . . . . AVERAGE RELATIVE STANDARD ERRORS Annual . . . . . . . . . . . . . .(percent). . Quarterly . . . . . . . . . . . .(percent). . p 130,000 133,900 140,000 146,000 152,500 160,000 169,000 180,000 186,000 190,000 200,000 210,000 132,900 134,000 138,000 149,900 157,500 164,000 116,900 124,500 126,200 129,600 135,800 145,200 140,400 141,000 153,900 160,000 163,500 174,000 154,500 158,700 166,400 176,200 181,900 195,800 200,500 216,600 226,100 234,100 240,100 249,200 152,700 157,200 158,900 173,000 179,200 187,000 136,800 142,000 144,200 151,400 159,700 173,500 168,900 169,800 186,200 198,200 200,500 222,000 130,000 130,000 129,700 132,000 159,900 172,000 165,000 169,000 133,000 131,800 133,300 130,000 116,200 118,500 113,700 117,900 140,000 137,000 140,000 148,000 153,600 154,200 152,800 156,100 191,000 202,400 200,700 205,500 151,000 150,600 152,900 153,500 138,300 138,700 133,300 133,300 169,300 167,000 165,000 176,100 130,000 133,900 132,000 138,000 179,900 179,900 179,900 183,500 130,000 136,000 131,000 135,000 118,000 124,500 121,000 127,000 139,400 140,000 143,000 143,000 153,500 158,900 157,700 160,900 217,100 209,400 217,100 217,500 153,100 160,500 152,500 160,000 135,900 140,500 140,800 144,200 164,600 169,300 173,600 169,500 137,000 139,900 140,000 144,100 179,000 199,700 181,000 200,000 135,200 138,200 134,900 145,000 125,500 125,000 123,900 127,900 148,200 155,900 154,800 160,000 161,100 166,000 164,000 171,000 217,500 238,400 211,600 245,400 160,200 155,900 153,500 162,700 143,800 140,900 141,000 146,000 177,200 189,400 187,900 190,800 145,000 145,800 145,000 144,200 204,400 189,000 180,000 195,000 144,900 148,500 150,000 144,500 127,100 129,900 127,000 129,000 159,900 160,000 159,000 159,000 172,200 177,200 174,700 175,400 235,900 239,300 229,800 231,400 164,400 173,000 173,200 167,900 147,700 151,500 150,600 149,600 193,800 199,500 195,800 203,500 152,200 149,500 153,000 153,000 196,000 200,000 212,000 200,000 160,000 152,000 159,000 156,000 131,000 132,300 137,300 138,500 163,400 159,300 166,400 165,000 180,000 178,800 184,300 181,500 235,000 242,800 251,600 232,600 181,100 172,900 182,100 175,800 157,000 155,500 157,500 162,800 197,200 197,400 207,900 199,300 156,900 158,500 159,400 165,000 195,000 210,100 205,400 212,000 165,000 155,000 163,900 165,700 142,800 144,000 142,000 149,900 168,600 170,000 173,000 189,000 189,100 191,700 192,900 205,300 227,900 248,000 241,100 278,700 183,600 177,600 189,900 192,100 166,900 174,100 168,400 175,300 217,500 215,600 217,800 241,900 165,000 160,000 226,800 250,000 165,000 156,000 148,500 140,200 190,000 198,000 203,200 201,500 267,400 267,400 189,400 184,000 176,600 170,300 238,100 245,700 2 2 7 17 4 5 2 3 2 2 2 2 7 10 4 3 3 2 3 3 Preliminary. r Revised. 12 U.S. Census Bureau Table 10. Houses Sold by Type of Financing [Components may not add to total because of rounding. Percents computed from unrounded figures] Number of houses (thousands) Percent distribution1 Type of financing1 Period Total sold ANNUAL DATA 1994 . . . . . . . . . . . . . . . . . . . . . . 1995 . . . . . . . . . . . . . . . . . . . . . . 1996 . . . . . . . . . . . . . . . . . . . . . . 1997 . . . . . . . . . . . . . . . . . . . . . . 1998 . . . . . . . . . . . . . . . . . . . . . . 1999 . . . . . . . . . . . . . . . . . . . . . . QUARTERLY DATA 1994 1st quarter. . . . . . . . . . . . . . . . . 2nd quarter . . . . . . . . . . . . . . . . 3rd quarter . . . . . . . . . . . . . . . . 4th quarter . . . . . . . . . . . . . . . . 1995 1st quarter. . . . . . . . . . . . . . . . . 2nd quarter . . . . . . . . . . . . . . . . 3rd quarter . . . . . . . . . . . . . . . . 4th quarter . . . . . . . . . . . . . . . . 1996 1st quarter. . . . . . . . . . . . . . . . . 2nd quarter . . . . . . . . . . . . . . . . 3rd quarter . . . . . . . . . . . . . . . . 4th quarter . . . . . . . . . . . . . . . . 1997 1st quarter. . . . . . . . . . . . . . . . . 2nd quarter . . . . . . . . . . . . . . . . 3rd quarter . . . . . . . . . . . . . . . . 4th quarter . . . . . . . . . . . . . . . . 1998 1st quarter. . . . . . . . . . . . . . . . . 2nd quarter . . . . . . . . . . . . . . . . 3rd quarter . . . . . . . . . . . . . . . . 4th quarter . . . . . . . . . . . . . . . . 1999 1st quarter. . . . . . . . . . . . . . . . . 2nd quarter . . . . . . . . . . . . . . . . 3rd quarter . . . . . . . . . . . . . . . . 4th quarter . . . . . . . . . . . . . . . . 2000 1st quarterr . . . . . . . . . . . . . . . . 2nd quarterp . . . . . . . . . . . . . . . AVERAGE RELATIVE STANDARD ERRORS Annual . . . . . . . . . .(percent). . Quarterly . . . . . . . .(percent). . 2 3 6 9 8 21 3 3 26 35 6 11 (X) (X) 6 8 10 21 3 3 28 35 6 11 242 235 33 30 10 10 187 183 (B) (B) 12 10 100 100 14 13 4 4 77 78 (B) (B) 5 4 231 256 228 191 29 35 27 23 12 12 10 7 178 195 179 151 2 2 2 (B) 11 13 10 9 100 100 100 100 12 13 12 12 5 5 4 4 77 76 79 79 1 1 1 (B) 5 5 5 5 220 248 218 200 24 25 20 22 13 14 11 10 171 192 173 157 2 3 2 2 10 13 12 10 100 100 100 100 11 10 9 11 6 6 5 5 78 78 79 78 1 1 1 1 5 5 5 5 211 212 207 173 26 24 22 19 15 11 11 11 159 164 161 132 (B) 2 (B) 2 11 12 11 10 100 100 100 100 12 11 11 11 7 5 5 6 75 77 78 76 (B) 1 (B) 1 5 6 6 6 191 204 201 161 26 23 21 19 17 14 14 8 139 154 154 124 2 3 3 (B) 8 10 10 9 100 100 100 100 14 12 10 12 9 7 7 5 73 75 76 77 1 1 1 (B) 4 5 5 5 154 185 182 145 19 22 21 16 12 14 14 11 112 136 134 108 2 2 3 (B) 9 11 11 9 100 100 100 100 12 12 11 11 8 8 8 8 73 74 74 74 2 1 2 (B) 6 6 6 6 177 185 166 141 23 22 19 15 16 14 12 10 129 134 122 105 (B) 3 4 2 8 12 10 10 100 100 100 100 13 12 12 11 9 8 7 7 73 72 73 74 (B) 1 2 1 5 6 6 7 670 667 757 804 886 907 78 79 89 90 90 112 51 50 51 47 46 40 490 490 570 616 693 705 9 9 9 6 9 6 41 39 38 46 48 43 100 100 100 100 100 100 12 12 12 11 10 12 8 7 7 6 5 4 73 73 75 77 78 78 1 1 1 1 1 1 6 6 5 6 5 5 FHA insured VA guaran- Conventeed tional2 Rural Hous. Serv. Cash Total FHA insured VA guaran- Conventeed tional2 Rural Hous. Serv. Cash B Withheld because estimate did not meet publication standards on the basis of sample size. pPreliminary. rRevised. 1 Houses not reporting type of financing have been distributed proportionally to those reporting type of financing. 2 Includes other types of financing. 13 U.S. Census Bureau Table 11. Median and Average Sales Price of Houses Sold by Type of Financing [Dollars] Median sales price Type of financing Period Total sold1 ANNUAL DATA 1994 . . . . . . . . . . . . . . . . . . . . . . 1995 . . . . . . . . . . . . . . . . . . . . . . 1996 . . . . . . . . . . . . . . . . . . . . . . 1997 . . . . . . . . . . . . . . . . . . . . . . 1998 . . . . . . . . . . . . . . . . . . . . . . 1999 . . . . . . . . . . . . . . . . . . . . . . QUARTERLY DATA 1994 1st quarter. . . . . . . . . . . . . . . . . 2nd quarter . . . . . . . . . . . . . . . . 3rd quarter . . . . . . . . . . . . . . . . 4th quarter . . . . . . . . . . . . . . . . 1995 1st quarter. . . . . . . . . . . . . . . . . 2nd quarter . . . . . . . . . . . . . . . . 3rd quarter . . . . . . . . . . . . . . . . 4th quarter . . . . . . . . . . . . . . . . 1996 1st quarter. . . . . . . . . . . . . . . . . 2nd quarter . . . . . . . . . . . . . . . . 3rd quarter . . . . . . . . . . . . . . . . 4th quarter . . . . . . . . . . . . . . . . 1997 1st quarter. . . . . . . . . . . . . . . . . 2nd quarter . . . . . . . . . . . . . . . . 3rd quarter . . . . . . . . . . . . . . . . 4th quarter . . . . . . . . . . . . . . . . 1998 1st quarter. . . . . . . . . . . . . . . . . 2nd quarter . . . . . . . . . . . . . . . . 3rd quarter . . . . . . . . . . . . . . . . 4th quarter . . . . . . . . . . . . . . . . 1999 1st quarter. . . . . . . . . . . . . . . . . 2nd quarter . . . . . . . . . . . . . . . . 3rd quarter . . . . . . . . . . . . . . . . 4th quarter . . . . . . . . . . . . . . . . 2000 1st quarterr . . . . . . . . . . . . . . . . 165,000 120,000 138,500 185,000 2nd quarterp . . . . . . . . . . . . . . . 160,000 115,900 130,700 180,100 AVERAGE RELATIVE STANDARD ERRORS Annual . . . . . . . . . .(percent). . Quarterly . . . . . . . .(percent). . (S) 160,000 203,200 120,900 141,700 218,900 (S) 169,000 201,500 118,100 136,200 220,100 (S) (S) 225,100 211,800 156,900 158,500 159,400 165,000 116,700 113,400 117,100 116,700 124,000 126,900 135,000 137,500 174,000 86,900 149,000 189,100 178,200 114,500 153,000 191,700 172,500 101,500 167,900 192,900 181,000 (S) 165,000 205,300 119,100 120,000 118,100 118,800 126,200 126,200 134,300 137,100 205,900 85,700 209,700 104,200 206,600 113,700 222,100 (S) 188,500 186,800 209,700 218,700 152,200 106,000 126,600 167,500 149,500 105,500 131,400 165,000 153,000 111,000 133,800 165,000 153,000 114,100 119,800 168,700 86,900 89,500 92,700 89,900 146,000 140,000 165,000 144,000 180,000 109,300 130,300 195,000 178,800 108,700 130,000 192,700 184,300 111,100 133,800 193,900 181,500 115,800 121,300 195,800 86,700 96,700 91,700 96,400 183,600 174,400 244,800 182,300 145,000 145,800 145,000 144,200 100,000 108,500 100,000 109,900 115,000 112,000 124,000 116,900 162,700 160,000 159,000 159,900 (S) 92,000 (S) 88,800 138,000 142,000 145,900 143,500 172,200 177,200 174,700 175,400 104,600 110,900 105,100 112,000 116,700 113,000 122,900 117,600 189,800 192,900 188,100 190,500 (S) 93,300 (S) 87,500 170,300 169,200 188,900 172,100 137,000 97,000 104,000 151,300 139,900 100,000 113,900 153,900 140,000 100,000 105,000 151,900 144,100 104,700 108,600 155,800 73,000 80,600 75,100 (S) 147,000 130,000 135,000 146,400 161,100 166,000 164,000 171,000 102,900 105,600 106,700 108,800 112,100 115,800 109,800 113,900 177,600 180,400 178,800 183,700 80,800 86,200 86,500 (S) 166,700 180,000 155,100 172,900 130,000 133,900 132,000 138,000 96,900 95,000 93,900 98,500 102,000 107,000 107,500 110,900 145,000 150,000 145,000 150,000 56,000 77,200 75,500 (S) 120,500 130,000 124,600 130,300 153,500 100,700 111,600 169,300 158,900 99,500 113,500 175,700 157,700 99,600 112,900 172,100 160,900 103,200 112,500 174,300 59,000 75,900 84,200 (S) 143,700 156,200 151,900 156,500 130,000 130,000 129,700 132,000 94,900 107,400 145,900 96,900 105,400 145,000 94,900 110,000 144,500 94,000 98,000 142,000 (S) 57,200 52,000 54,500 115,000 129,200 117,700 136,000 153,600 98,400 112,000 169,500 154,200 100,100 109,400 168,500 152,800 98,600 114,000 167,800 156,100 107,600 110,300 168,600 (S) 59,600 58,300 62,200 154,300 155,100 149,400 156,100 130,000 95,000 105,400 145,000 133,900 95,900 107,000 148,500 140,000 99,900 108,000 155,000 146,000 106,000 116,000 160,800 152,500 109,000 129,000 167,000 160,000 116,900 127,300 178,000 54,500 71,000 76,800 84,900 89,000 93,000 125,500 127,000 140,000 143,900 150,000 156,000 154,500 158,700 166,400 176,200 181,900 195,800 101,000 100,700 105,700 108,000 111,100 119,400 111,400 112,800 112,600 117,500 130,000 131,100 169,100 173,800 182,100 191,700 195,100 212,600 59,700 75,700 84,100 88,600 92,800 99,600 153,000 154,900 169,600 176,700 198,800 198,700 FHA insured VA guaran- Conventeed tional2 Rural Hous. Serv. Cash Total sold1 FHA insured VA guaran- Conventeed tional2 Rural Hous. Serv. Cash Average sales price Type of financing 2 2 3 4 6 4 2 1 13 13 2 3 2 2 2 2 2 5 2 2 7 6 4 11 p r Preliminary. Revised. S Withheld because estimate did not meet publication standards on the basis of response rate, associated standard error, or a consistency review. 1 Includes houses not reporting type of financing. 2 Includes other types of financing. 14 U.S. Census Bureau Table 12. Chain-Type Annual-Weighted Price Index (Fisher Ideal) of New One-Family Houses Sold Including Value of Lot [1992=100.0. Index based on kinds of houses sold in 1992] Year 1979 . . . . . . . . . . . . . . . . . . . . . . . . . . . 1980 . . . . . . . . . . . . . . . . . . . . . . . . . . . 1981 . . . . . . . . . . . . . . . . . . . . . . . . . . . 1982 . . . . . . . . . . . . . . . . . . . . . . . . . . . 1983 . . . . . . . . . . . . . . . . . . . . . . . . . . . 1984 . . . . . . . . . . . . . . . . . . . . . . . . . . . 1985 . . . . . . . . . . . . . . . . . . . . . . . . . . . 1986 . . . . . . . . . . . . . . . . . . . . . . . . . . . 1987 . . . . . . . . . . . . . . . . . . . . . . . . . . . 1988 . . . . . . . . . . . . . . . . . . . . . . . . . . . 1989 . . . . . . . . . . . . . . . . . . . . . . . . . . . 1990 . . . . . . . . . . . . . . . . . . . . . . . . . . . 1991 . . . . . . . . . . . . . . . . . . . . . . . . . . . 1992 . . . . . . . . . . . . . . . . . . . . . . . . . . . 1993 . . . . . . . . . . . . . . . . . . . . . . . . . . . 1994 . . . . . . . . . . . . . . . . . . . . . . . . . . . 1995 . . . . . . . . . . . . . . . . . . . . . . . . . . . 1996 . . . . . . . . . . . . . . . . . . . . . . . . . . . 1997 . . . . . . . . . . . . . . . . . . . . . . . . . . . 1998 . . . . . . . . . . . . . . . . . . . . . . . . . . . 1999 . . . . . . . . . . . . . . . . . . . . . . . . . . . 2000 . . . . . . . . . . . . . . . . . . . . . . . . . . . p Annual 59.5 65.4 70.3 73.2 75.3 78.1 80.1 83.8 88.7 92.1 95.8 97.4 98.6 100.0 104.5 109.6 112.5 114.9 118.2 121.0 127.1 First quarter 56.2 63.8 69.3 73.4 74.6 76.2 79.9 81.8 86.8 91.3 94.5 97.8 97.2 98.9 101.9 108.1 111.2 115.3 117.1 121.0 127.2 129.9 Second quarter 59.2 64.8 70.2 73.5 74.8 77.8 79.8 83.8 88.3 91.7 96.4 96.7 99.3 99.7 105.3 109.7 112.4 114.5 119.3 121.0 127.0 p 134.2 Third quarter 60.1 66.4 70.3 73.2 76.0 78.7 79.6 85.2 89.8 92.7 96.3 98.0 100.0 100.1 105.9 110.0 112.8 115.6 118.9 122.3 129.3 Fourth quarter 62.6 66.5 71.3 72.8 75.8 79.7 81.2 84.5 90.1 92.7 95.9 96.9 97.8 101.3 104.8 110.5 113.7 115.1 119.4 123.4 128.9 Northeast 47.1 51.2 56.0 58.4 61.7 67.1 73.6 84.8 96.8 99.8 102.1 98.1 96.2 100.0 98.0 100.0 103.0 104.7 107.5 110.9 115.4 Midwest 64.4 67.6 72.3 75.5 75.0 79.2 78.5 83.0 88.6 92.7 94.8 95.4 97.8 100.0 107.0 112.8 116.5 119.3 123.3 125.4 131.2 South 63.6 70.7 76.3 80.3 82.6 84.7 86.6 88.9 91.8 94.0 97.0 97.3 98.9 100.0 104.7 108.4 111.7 113.0 115.8 118.7 124.4 West 59.6 66.1 70.1 71.5 73.8 76.2 77.2 78.7 82.6 87.2 92.9 98.3 99.2 100.0 103.8 111.1 113.2 117.2 120.8 123.6 130.9 Preliminary. r Revised. Table 12a. Fixed-Weighted Price Index (Laspeyres) of New One-Family Houses Sold Including Value of Improved Lot [1992=100.0. Index based on kinds of houses sold in 1992] Year 1979 . . . . . . . . . . . . . . . . . . . . . . . . . . . 1980 . . . . . . . . . . . . . . . . . . . . . . . . . . . 1981 . . . . . . . . . . . . . . . . . . . . . . . . . . . 1982 . . . . . . . . . . . . . . . . . . . . . . . . . . . 1983 . . . . . . . . . . . . . . . . . . . . . . . . . . . 1984 . . . . . . . . . . . . . . . . . . . . . . . . . . . 1985 . . . . . . . . . . . . . . . . . . . . . . . . . . . 1986 . . . . . . . . . . . . . . . . . . . . . . . . . . . 1987 . . . . . . . . . . . . . . . . . . . . . . . . . . . 1988 . . . . . . . . . . . . . . . . . . . . . . . . . . . 1989 . . . . . . . . . . . . . . . . . . . . . . . . . . . 1990 . . . . . . . . . . . . . . . . . . . . . . . . . . . 1991 . . . . . . . . . . . . . . . . . . . . . . . . . . . 1992 . . . . . . . . . . . . . . . . . . . . . . . . . . . 1993 . . . . . . . . . . . . . . . . . . . . . . . . . . . 1994 . . . . . . . . . . . . . . . . . . . . . . . . . . . 1995 . . . . . . . . . . . . . . . . . . . . . . . . . . . 1996 . . . . . . . . . . . . . . . . . . . . . . . . . . . 1997 . . . . . . . . . . . . . . . . . . . . . . . . . . . 1998 . . . . . . . . . . . . . . . . . . . . . . . . . . . 1999 . . . . . . . . . . . . . . . . . . . . . . . . . . . 2000 . . . . . . . . . . . . . . . . . . . . . . . . . . . p Annual 61.8 68.1 73.5 75.2 76.8 79.9 80.9 84.1 88.6 91.9 95.6 97.4 98.7 100.0 104.3 109.3 112.4 114.5 118.4 121.4 127.7 First quarter 58.8 66.7 73.0 76.4 76.5 78.6 81.6 82.7 87.4 91.7 94.8 98.2 97.8 99.3 101.8 108.0 110.8 114.7 116.4 120.3 126.5 129.2 Second quarter 62.1 67.7 74.0 76.0 76.7 80.3 81.1 84.7 88.8 92.1 96.6 97.2 99.9 100.1 105.1 109.6 111.9 113.8 118.6 120.3 126.3 p 133.4 Third quarter 63.1 69.4 74.0 75.3 77.9 81.1 80.7 86.0 90.2 93.1 96.6 98.6 100.6 100.3 105.6 109.9 112.2 115.0 118.2 121.6 128.5 Fourth quarter 65.5 69.8 74.7 74.7 77.9 81.9 82.1 85.2 90.4 93.0 96.2 97.5 98.3 101.0 104.6 110.2 113.0 114.6 118.7 122.7 128.1 Northeast 46.3 50.5 55.3 56.7 60.3 66.0 74.5 84.5 97.6 100.5 102.1 99.3 96.4 100.0 97.1 98.4 100.7 104.1 106.6 110.7 114.9 Midwest 64.0 67.1 73.9 75.1 75.2 80.2 78.4 82.5 88.8 92.8 94.9 95.5 97.7 100.0 106.7 112.0 116.3 118.6 122.9 124.7 129.7 South 62.9 70.2 76.7 79.5 81.4 84.6 86.6 89.4 92.3 94.3 97.2 97.4 98.9 100.0 104.7 108.5 111.9 112.6 116.5 120.4 125.5 West 61.1 68.2 72.9 73.5 75.2 77.3 78.0 80.9 84.8 87.6 92.2 98.1 99.1 100.0 103.6 110.9 112.7 116.8 120.5 122.9 131.9 Preliminary. r Revised. 15 U.S. Census Bureau Table 13. Average Sales Price of Kinds Of One-Family Houses Sold in 1992 Compared With That of Houses Actually Sold Based on the Laspeyres Price Index [In dollars] Average sales price of kinds of houses sold in 1992 (estimated from price index) Period-toperiod percent Price change1 ANNUAL DATA 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... QUARTERLY DATA 1982: First quarter. . . . . . . . . . . . Second quarter. . . . . . . . . Third quarter. . . . . . . . . . . Fourth quarter . . . . . . . . . 1983: First quarter. . . . . . . . . . . . Second quarter. . . . . . . . . Third quarter. . . . . . . . . . . Fourth quarter . . . . . . . . . 1984: First quarter. . . . . . . . . . . . Second quarter. . . . . . . . . Third quarter. . . . . . . . . . . Fourth quarter . . . . . . . . . 1985: First quarter. . . . . . . . . . . . Second quarter. . . . . . . . . Third quarter. . . . . . . . . . . Fourth quarter . . . . . . . . . 1986: First quarter. . . . . . . . . . . . Second quarter. . . . . . . . . Third quarter. . . . . . . . . . . Fourth quarter . . . . . . . . . 1987: First quarter. . . . . . . . . . . . Second quarter. . . . . . . . . Third quarter. . . . . . . . . . . Fourth quarter . . . . . . . . . 1988: First quarter. . . . . . . . . . . . Second quarter. . . . . . . . . Third quarter. . . . . . . . . . . Fourth quarter . . . . . . . . . p 1 r Preliminary Revised. Derived from unrounded figures. Average sales price of houses actually sold Period Period-toperiod percent Price change 1989: First quarter. . . . . . . . . . . . Second quarter. . . . . . . . . Third quarter. . . . . . . . . . . 1.1 Fourth quarter . . . . . . . . . 7.0 8.7 1990: First quarter. . . . . . . . . . . . 3.3 Second quarter. . . . . . . . . 11.0 Third quarter. . . . . . . . . . . 13.7 Fourth quarter . . . . . . . . . 8.7 7.6 1991: First quarter. . . . . . . . . . . . 0.7 Second quarter. . . . . . . . . –1.7 Third quarter. . . . . . . . . . . –2.1 Fourth quarter . . . . . . . . . 2.5 4.6 1992: First quarter. . . . . . . . . . . . Second quarter. . . . . . . . . 2.7 Third quarter. . . . . . . . . . . 4.9 Fourth quarter . . . . . . . . . 5.9 3.2 1993: First quarter. . . . . . . . . . . . 7.6 Second quarter. . . . . . . . . Third quarter. . . . . . . . . . . Fourth quarter . . . . . . . . . (X) 5.5 1994: First quarter. . . . . . . . . . . . Second quarter. . . . . . . . . –2.1 Third quarter. . . . . . . . . . . 0.8 Fourth quarter . . . . . . . . . 2.5 1.8 1995: First quarter. . . . . . . . . . . . Second quarter. . . . . . . . . 3.8 Third quarter. . . . . . . . . . . –1.8 Fourth Quarter . . . . . . . . . 4.3 4.8 1996: First quarter. . . . . . . . . . . . –0.7 Second quarter. . . . . . . . . –0.7 Third quarter. . . . . . . . . . . Fourth quarter . . . . . . . . . 0.7 2.0 1997: First quarter. . . . . . . . . . . . 0.0 Second quarter. . . . . . . . . 3.3 Third quarter. . . . . . . . . . . Fourth quarter . . . . . . . . . 2.3 5.4 1998: First quarter. . . . . . . . . . . . 2.1 Second quarter. . . . . . . . . 1.0 Third quarter. . . . . . . . . . . 4.5 Fourth quarter . . . . . . . . . 4.4 3.0 1999: First quarter. . . . . . . . . . . . Second quarter. . . . . . . . . 2.8 Third quarter. . . . . . . . . . . 3.3 Fourth quarter . . . . . . . . . –2.2 5.0 2000: First quarter. . . . . . . . . . . . Second quarterp . . . . . . . . –0.8 Period Average sales price of kinds of houses sold in 1992 (estimated from price index) Period-toperiod percent Price change1 136,700 139,100 139,200 138,600 141,500 140,100 142,200 140,500 140,900 144,000 145,000 141,700 143,100 144,200 144,500 145,600 146,800 151,400 152,100 150,800 155,700 158,000 158,300 158,800 159,600 161,300 161,600 162,800 165,200 164,000 166,400 165,100 167,800 170,800 170,300 171,000 173,400 173,400 175,200 176,800 182,300 182,000 185,200 184,600 186,100 192,300 2.0 1.8 0.0 –0.4 2.1 –1.0 1.5 –1.1 0.2 2.2 0.7 –2.3 1.0 0.8 0.2 0.8 0.8 3.2 0.5 –0.9 3.3 1.5 0.2 0.3 0.5 1.1 0.2 0.7 1.5 –0.7 1.4 –0.4 1.6 1.8 –0.3 0.5 1.3 0.0 1.1 0.9 3.1 –0.2 1.8 –0.3 0.8 3.3 Average sales price of houses actually sold Period-toperiod percent Price change 144,300 146,800 150,200 151,200 149,500 151,200 145,500 150,100 151,100 148,200 145,400 144,400 144,500 145,300 141,700 147,200 144,700 148,900 148,000 148,300 153,600 154,200 152,800 156,100 153,500 158,900 157,700 160,900 161,100 166,000 164,000 171,000 172,200 177,200 174,700 175,400 180,000 178,800 184,300 181,500 189,100 191,700 192,900 205,300 r 108,400 110,700 115,100 116,600 121,200 127,700 132,400 137,800 140,400 142,200 144,100 150,300 157,500 161,900 165,100 170,600 175,000 184,000 2.4 2.1 4.1 1.2 3.9 5.3 3.8 4.0 1.9 1.3 1.4 4.3 4.7 2.8 2.0 3.4 2.6 5.2 83,900 89,800 97,600 100,800 111,900 127,200 138,300 148,800 149,800 147,200 144,100 147,700 154,500 158,700 166,400 176,200 181,900 195,800 2.8 1.7 2.3 0.7 –1.1 1.1 –3.8 3.2 0.7 –1.9 –1.9 –0.7 0.1 0.6 –2.5 3.9 –1.7 2.9 –0.6 0.2 3.6 0.4 –0.9 2.2 –1.7 3.5 –0.8 2.0 0.1 3.0 –1.2 4.3 0.7 2.9 –1.4 0.4 2.6 –0.7 3.1 –1.5 4.2 1.4 0.6 6.4 r 110,000 109,500 108,600 107,700 110,200 110,600 112,300 112,200 113,200 115,700 116,900 118,000 117,600 116,900 116,300 118,300 119,100 122,100 123,900 122,700 125,900 128,000 129,900 130,300 132,100 132,700 134,100 134,000 2.2 –0.4 –0.9 –0.8 2.3 0.4 1.6 –0.1 0.9 2.2 1.0 0.9 –0.4 –0.6 –0.5 1.7 0.7 2.5 1.4 –0.9 2.6 1.6 1.5 0.3 1.4 0.5 1.0 –0.1 81,200 85,700 83,900 84,600 86,700 89,100 92,500 90,800 94,700 99,200 98,500 97,800 98,500 100,500 100,500 103,800 106,300 112,300 114,400 115,600 120,800 126,100 129,900 133,500 137,900 134,800 141,500 140,400 203,200 201,500 -1.0 –0.8 16 U.S. Census Bureau