Sales of new single‐family houses in February 2019 were at a seasonally adjusted annual rate of 667,000, 4.9% above the revised January rate of 636,000 and is 0.6% above the February 2018 estimate of 663,000, according to estimates released jointly Friday by the U.S. Census Bureau and the Department of Housing and Urban Development. The Wall Street consensus estimate was for a pace of 625,000.

The median sales price of new houses sold in February 2019 was $315,300, up from $303,900 in January. The average sales price was $379,600, up from $358,000 in January.

The seasonally‐adjusted estimate of new houses for sale at the end of February was 340,000. This represents a supply of 6.1 months at the current sales rate.