For Release 10:00 A.M. EDT, May 2, 2000 CB00-71 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................ 176,200 234,100 173,000 151,400 198,200 1998................ 181,900 240,100 179,200 159,700 200,500 1999\r.............. 195,800 249,200 187,000 173,500 222,000 QUARTERLY DATA 1995 1ST QUARTER......... 153,500 217,100 153,100 135,900 164,600 2ND QUARTER......... 158,900 209,400 160,500 140,500 169,300 3RD QUARTER......... 157,700 217,100 152,500 140,800 173,600 4TH QUARTER......... 160,900 217,500 160,000 144,200 169,500 1996 1ST QUARTER......... 161,100 217,500 160,200 143,800 177,200 2ND QUARTER......... 166,000 238,400 155,900 140,900 189,400 3RD QUARTER......... 164,000 211,600 153,500 141,000 187,900 4TH QUARTER......... 171,000 245,400 162,700 146,000 190,800 1997 1ST QUARTER......... 172,200 235,900 164,400 147,700 193,800 2ND QUARTER......... 177,200 239,300 173,000 151,500 199,500 3RD QUARTER......... 174,700 229,800 173,200 150,600 195,800 4TH QUARTER......... 175,400 231,400 167,900 149,600 203,500 1998 1ST QUARTER......... 180,000 235,000 181,100 157,000 197,200 2ND QUARTER......... 178,800 242,800 172,900 155,500 197,400 3RD QUARTER......... 184,300 251,600 182,100 157,500 207,900 4TH QUARTER......... 181,500 232,600 175,800 162,800 199,300 1999 1ST QUARTER.......... 189,100 227,900 183,600 166,900 217,500 2ND QUARTER.......... 191,700 248,000 177,600 174,100 215,600 3RD QUATER........... 192,900 241,100 189,900 168,400 217,800 4TH QUARTER\r....... 205,300 278,700 192,100 175,300 241,900 2000 1ST QUARTER\p....... 199,600 262,400 178,800 171,000 239,800 AVERAGE RELATIVE STANDARD ERRORS ANNUAL....(PERCENT). 2 7 4 3 3 QUARTERLY.(PERCENT). 2 10 3 2 3 p Preliminary. r Revised. 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)/1 TYPE OF FINANCING VA RURAL TOTAL FHA GUARAN- CONVEN- HOUS. SOLD INSURED TEED TIONAL/2 SERV. CASH ANNUAL DATA 1995................ 667 79 50 490 9 39 1996................ 757 89 51 570 9 38 1997................ 804 90 47 616 6 46 1998................ 886 90 46 693 9 48 1999\r.............. 907 112 40 705 6 43 QUARTERLY DATA 1995 1ST QUARTER......... 154 19 12 112 2 9 2ND QUARTER......... 185 22 14 136 2 11 3RD QUARTER......... 182 21 14 134 3 11 4TH QUARTER......... 145 16 11 108 (B) 9 1996 1ST QUARTER......... 191 26 17 139 2 8 2ND QUARTER......... 204 23 14 154 3 10 3RD QUARTER......... 201 21 14 154 3 10 4TH QUARTER......... 161 19 8 124 (B) 9 1997 1ST QUARTER......... 211 26 15 159 (B) 11 2ND QUARTER......... 212 24 11 164 2 12 3RD QUARTER......... 207 22 11 161 (B) 11 4TH QUARTER......... 173 19 11 132 2 10 1998 1ST QUARTER......... 220 24 13 171 2 10 2ND QUARTER......... 248 25 14 192 3 13 3RD QUARTER......... 218 20 11 173 2 12 4TH QUARTER......... 200 22 10 157 2 10 1999 1ST QUARTER......... 231 29 12 178 2 11 2ND QUARTER......... 256 35 12 195 2 13 3RD QUARTER......... 228 27 10 179 2 10 4TH QUARTER\r....... 191 23 7 151 (B) 9 2000 1ST QUARTER\p....... 245 32 10 191 (B) 11 AVERAGE RELATIVE STANDARD ERRORS ANNUAL....(PERCENT). 2 6 8 3 26 6 QUARTERLY.(PERCENT). 3 9 21 3 35 11 See footnotes at end of table. TABLE 10. HOUSES SOLD, BY TYPE OF FINANCING - CONTINUED (COMPONENTS MAY NOT ADD TO TOTAL BECAUSE OF ROUNDING. PERCENTS COMPUTED FROM UNROUNDED FIGURES) PERCENT DISTRIBUTION/1 TYPE OF FINANCING VA RURAL FHA GUARAN- CONVEN- HOUS. TOTAL INSURED TEED TIONAL/2 SERV. CASH ANNUAL DATA 1995................ 100 12 7 73 1 6 1996................ 100 12 7 75 1 5 1997................ 100 11 6 77 1 6 1998................ 100 10 5 78 1 5 1999\r.............. 100 12 4 78 1 5 QUARTERLY DATA 1995 1ST QUARTER......... 100 12 8 73 2 6 2ND QUARTER......... 100 12 8 74 1 6 3RD QUARTER......... 100 11 8 74 2 6 4TH QUARTER......... 100 11 8 74 (B) 6 1996 1ST QUARTER......... 100 14 9 73 1 4 2ND QUARTER......... 100 12 7 75 1 5 3RD QUARTER......... 100 10 7 76 1 5 4TH QUARTER......... 100 12 5 77 (B) 5 1997 1ST QUARTER......... 100 12 7 75 (B) 5 2ND QUARTER......... 100 11 5 77 1 6 3RD QUARTER......... 100 11 5 78 (B) 6 4TH QUARTER......... 100 11 6 76 1 6 1998 1ST QUARTER......... 100 11 6 78 1 5 2ND QUARTER......... 100 10 6 78 1 5 3RD QUARTER......... 100 9 5 79 1 5 4TH QUARTER......... 100 11 5 78 1 5 1999 1ST QUARTER......... 100 12 5 77 1 5 2ND QUARTER......... 100 13 5 76 1 5 3RD QUATER.......... 100 12 4 79 1 5 4TH QUARTER\r....... 100 12 4 79 (B) 5 2000 1ST QUARTER\p....... 100 13 4 78 (B) 5 AVERAGE RELATIVE STANDARD ERRORS ANNUAL....(PERCENT). (X) 6 10 3 28 6 QUARTERLY.(PERCENT). (X) 8 21 3 35 11 B Withheld because estimate did not meet publication standards on the basis of sample size. p Preliminary. r Revised. X Not applicable. 1 Houses not reporting type of financing have been distributed proportionally to those reporting type of financing. 2 Includes houses reporting other types of financing. TABLE 11. MEDIAN SALES PRICE OF HOUSES SOLD BY TYPE OF FINANCING (IN DOLLARS) TYPE OF FINANCING VA RURAL TOTAL FHA GUARAN- CONVEN- HOUS. SOLD/1 INSURED TEED TIONAL/2 SERV. CASH ANNUAL DATA 1995................ 133,900 95,900 107,000 148,500 71,000 127,000 1996................ 140,000 99,900 108,000 155,000 76,800 140,000 1997................ 146,000 106,000 116,000 160,800 84,900 143,900 1998................ 152,500 109,000 129,000 167,000 89,000 150,000 1999\r.............. 160,000 116,900 127,300 178,000 93,000 156,000 QUARTERLY DATA 1995 1ST QUARTER......... 130,000 96,900 102,000 145,000 56,000 120,500 2ND QUARTER......... 133,900 95,000 107,000 150,000 77,200 130,000 3RD QUARTER......... 132,000 93,900 107,500 145,000 75,500 124,600 4TH QUARTER......... 138,000 98,500 110,900 150,000 (S) 130,300 1996 1ST QUARTER......... 137,000 97,000 104,000 151,300 73,000 147,000 2ND QUARTER......... 139,900 100,000 113,900 153,900 80,600 130,000 3RD QUARTER......... 140,000 100,000 105,000 151,900 75,100 135,000 4TH QUARTER......... 144,100 104,700 108,600 155,800 (S) 146,400 1997 1ST QUARTER......... 145,000 100,000 115,000 162,700 (S) 138,000 2ND QUARTER......... 145,800 108,500 112,000 160,000 92,000 142,000 3RD QUARTER......... 145,000 100,000 124,000 159,000 (S) 145,900 4TH QUARTER......... 144,200 109,900 116,900 159,900 88,800 143,500 1998 1ST QUARTER......... 152,200 106,000 126,600 167,500 86,900 146,000 2ND QUARTER......... 149,500 105,500 131,400 165,000 89,500 140,000 3RD QUARTER......... 153,000 111,000 133,800 165,000 92,700 165,000 4TH QUARTER......... 153,000 114,100 119,800 168,700 89,900 144,000 1999 1ST QUARTER......... 156,900 116,700 124,000 174,000 86,900 149,000 2ND QUARTER......... 158,500 113,400 126,900 178,200 114,500 153,000 3RD QUARTER......... 159,400 117,100 135,000 172,500 101,500 167,900 4TH QUARTER\r....... 165,000 116,700 137,500 181,000 (S) 165,000 2000 1ST QUARTER\p....... 162,000 119,000 135,000 183,900 (S) 149,000 AVERAGE RELATIVE STANDARD ERRORS ANNUAL.....(PERCENT) 2 3 6 2 13 2 QUARTERLY..(PERCENT) 2 4 4 1 13 3 See footnotes at end of table. TABLE 11. AVERAGE SALES PRICE OF HOUSES SOLD BY TYPE OF FINANCING (IN DOLLARS) TYPE OF FINANCING VA RURAL TOTAL FHA GUARAN- CONVEN- HOUS. SOLD/1 INSURED TEED TIONAL/2 SERV. CASH ANNUAL DATA 1995................ 158,700 100,700 112,800 173,800 75,700 154,900 1996................ 166,400 105,700 112,600 182,100 84,100 169,600 1997................ 176,200 108,000 117,500 191,700 88,600 176,700 1998................ 181,900 111,100 130,000 195,100 92,800 198,800 1999\r.............. 195,800 119,400 131,100 212,600 99,600 198,700 QUARTERLY DATA 1995 1ST QUARTER......... 153,500 100,700 111,600 169,300 59,000 143,700 2ND QUARTER......... 158,900 99,500 113,500 175,700 75,900 156,200 3RD QUARTER......... 157,700 99,600 112,900 172,100 84,200 151,900 4TH QUARTER......... 160,900 103,200 112,500 174,300 (S) 156,500 1996 1ST QUARTER......... 161,100 102,900 112,100 177,600 80,800 166,700 2ND QUARTER......... 166,000 105,600 115,800 180,400 86,200 180,000 3RD QUARTER......... 164,000 106,700 109,800 178,800 86,500 155,100 4TH QUARTER......... 171,000 108,800 113,900 183,700 (S) 172,900 1997 1ST QUARTER......... 172,200 104,600 116,700 189,800 (S) 170,300 2ND QUARTER......... 177,200 110,900 113,000 192,900 93,300 169,200 3RD QUARTER......... 174,700 105,100 122,900 188,100 (S) 188,900 4TH QUARTER......... 175,400 112,000 117,600 190,500 87,500 172,100 1998 1ST QUARTER......... 180,000 109,300 130,300 195,000 86,700 183,600 2ND QUARTER......... 178,800 108,700 130,000 192,700 96,700 174,400 3RD QUARTER......... 184,300 111,100 133,800 193,900 91,700 244,800 4TH QUARTER......... 181,500 115,800 121,300 195,800 96,400 182,300 1999 1ST QUARTER......... 189,100 119,100 126,200 205,900 85,700 188,500 2ND QUARTER......... 191,700 120,000 126,200 209,700 104,200 186,800 3RD QUARTER......... 192,900 118,100 134,300 206,600 113,700 209,700 4TH QUARTER\r....... 205,300 118,800 137,100 222,100 (S) 218,700 2000 1ST QUARTER\p....... 199,600 119,000 140,900 216,100 (S) 210,100 AVERAGE RELATIVE STANDARD ERRORS ANNUAL....(PERCENT). 2 2 2 2 7 4 QUARTERLY.(PERCENT). 2 2 5 2 6 11 p Preliminary. r 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 houses reporting other types of financing. Table 12. Chain-Type Annual-Weighted Price Index (Fisher Ideal) of New One-Family Houses Sold Including Value of Lot (1992=100.0.) Year Annual First Second Third Fourth quarter quarter quarter quarter Northeast Midwest South West 1979 59.5 56.2 59.2 60.1 62.6 47.1 64.4 63.6 59.6 1980 65.4 63.8 64.8 66.4 66.5 51.2 67.6 70.7 66.1 1981 70.3 69.3 70.2 70.3 71.3 56.0 72.3 76.3 70.1 1982 73.2 73.4 73.5 73.2 72.8 58.4 75.5 80.3 71.5 1983 75.3 74.6 74.8 76.0 75.8 61.7 75.0 82.6 73.8 1984 78.1 76.2 77.8 78.7 79.7 67.1 79.2 84.7 76.2 1985 80.1 79.9 79.8 79.6 81.2 73.6 78.5 86.6 77.2 1986 83.8 81.8 83.8 85.2 84.5 84.8 83.0 88.9 78.7 1987 88.7 86.8 88.3 89.8 90.1 96.8 88.6 91.8 82.6 1988 92.1 91.3 91.7 92.7 92.7 99.8 92.7 94.0 87.2 1989 95.8 94.5 96.4 96.3 95.9 102.1 94.8 97.0 92.9 1990 97.4 97.8 96.7 98.0 96.9 98.1 95.4 97.3 98.3 1991 98.6 97.2 99.3 100.0 97.8 96.2 97.8 98.9 99.2 1992 100.0 98.9 99.7 100.1 101.3 100.0 100.0 100.0 100.0 1993 104.5 101.9 105.3 105.9 104.8 98.0 107.0 104.7 103.8 1994 109.6 108.1 109.7 110.0 110.5 100.0 112.8 108.4 111.1 1995 112.5 111.2 112.4 112.8 113.7 103.0 116.5 111.7 113.2 1996 114.9 115.3 114.5 115.6 115.1 104.7 119.3 113.0 117.2 1997 118.2 117.1 119.3 118.9 119.4 107.5 123.3 115.8 120.8 1998 121.0 121.0 121.0 122.3 123.4 110.9 125.4 118.7 123.6 1999 127.1 127.2 127.0 129.3 128.9 115.4 131.2 124.4 130.9 2000 129.7\p p Preliminary. Table 12A. Fixed Weighted Price Index (Laspeyres) of New One-Family Houses Sold, Including Value of Lot (1992=100.0.) Index based on kinds of houses sold in 1992 Year Annual First Second Third Fourth quarter quarter quarter quarter Northeast Midwest South West 1977 46.8 44.6 46.8 47.7 50.5 36.4 50.2 49.8 43.7 1978 53.7 51.3 53.2 55.4 57.1 39.8 57.6 55.4 52.2 1979 61.8 58.8 62.1 63.1 65.5 45.5 64.4 63.7 60.9 1980 68.1 66.7 67.7 69.4 69.8 50.0 67.4 71.2 68.2 1981 73.5 73.0 74.0 74.0 74.7 54.2 73.6 77.4 72.4 1982 75.2 76.4 76.0 75.3 74.7 56.2 75.8 79.8 73.3 1983 76.8 76.5 76.7 77.9 77.9 59.7 75.6 82.0 74.7 1984 79.9 78.6 80.3 81.1 81.9 64.8 80.1 84.7 77.4 1985 80.9 81.6 81.1 80.7 82.1 71.3 78.8 86.4 77.9 1986 84.1 82.7 84.7 86.0 85.2 81.8 83.2 89.0 79.9 1987 88.6 87.4 88.8 90.2 90.4 92.9 88.8 92.2 84.1 1988 91.9 91.7 92.1 93.1 93.0 95.2 92.8 94.3 88.6 1989 95.6 94.8 96.6 96.6 96.2 98.0 94.9 96.9 94.2 1990 97.4 98.2 97.2 98.6 97.5 96.0 95.7 97.2 98.8 1991 98.7 97.8 99.9 100.6 98.3 92.9 98.2 99.0 99.4 1992 100.0 99.3 100.1 100.3 101.0 100.0 100.0 100.0 100.0 1993 104.3 101.8 105.1 105.6 104.6 97.1 106.7 104.7 103.6 1994 109.3 108.0 109.6 109.9 110.2 98.4 112.0 108.5 110.9 1995 112.4 110.8 111.9 112.2 113.0 100.7 116.3 111.9 112.7 1996 114.5 114.7 113.8 115.0 114.6 104.1 118.6 112.6 116.8 1997 118.4 116.4 118.6 118.2 118.7 106.6 122.9 116.5 120.4 1998 121.4 120.3 120.3 121.6 122.7 110.7 124.7 120.4 122.9 1999 127.7 126.5 126.3 128.5 128.1 114.9 129.7 125.5 132.0 2000 128.9/p p Preliminary. Table 13. verage Sales Price of Kinds of New One-Family Houses Sold in 1992 Compared With That of Houses Actually Sold Based on the Laspeyres Price Index (Prices in dollars) Period Average sales price of kinds of houses sold in 1992 Average sales price (estimated from price index) of houses actually sold Price Period-to-period Price Period-to-period percent change\1 percent change ANNUAL DATA 1977 67,400 (X) 54,200 (X) 1978 77,400 14.8 62,500 15.3 1979 89,100 14.9 71,800 14.9 1980 98,100 10.3 76,400 6.4 1981 105,900 7.9 83,000 8.6 1982 108,400 2.4 83,900 1.1 1983 110,700 2.1 89,800 7.0 1984 115,100 4.1 97,600 8.7 1985 116,600 1.2 100,800 3.3 1986 121,200 3.9 111,900 11.0 1987 127,700 5.3 127,200 13.7 1988 132,400 3.8 138,300 8.7 1989 137,800 4.0 148,800 7.6 1990 140,400 1.9 149,800 0.7 1991 142,200 1.3 147,200 -1.7 1992 144,100 1.4 144,100 -2.1 1993 150,300 4.3 147,700 2.5 1994 157,500 4.7 154,500 4.6 1995 161,900 2.8 158,700 2.7 1996 165,100 2.0 166,400 4.9 1997 170,600 3.4 176,200 5.9 1998 175,000 2.6 181,900 3.2 1999 184,000 5.2 195,800/r 7.6/r QUARTERLY DATA 1977: First quarter 64,200 (X) 51,600 (X) Second quarter 67,400 5.0 54,300 5.2 Third quarter 68,700 1.9 54,000 -0.6 Fourth quarter 72,700 5.9 57,500 6.5 1978: First quarter 73,900 1.7 59,300 3.1 Second quarter 76,700 3.8 61,600 3.9 Third quarter 79,800 4.0 63,500 3.2 Fourth quarter 82,200 3.1 66,400 4.4 1979: First quarter 84,800 3.1 68,300 2.9 Second quarter 89,500 5.6 72,400 6.0 Third quarter 91,000 1.6 74,200 2.5 Fourth quarter 94,600 3.8 72,700 -2.0 1980: First quarter 96,200 1.8 73,600 1.2 Second quarter 97,600 1.5 74,400 1.1 Third quarter 100,100 2.5 77,500 4.2 Fourth quarter 100,600 0.5 80,000 3.2 1981: First quarter 105,200 4.5 80,900 1.1 Second quarter 106,600 1.3 84,300 4.2 Third quarter 106,700 0.1 83,800 -0.6 Fourth quarter 107,600 0.9 83,700 -0.1 1982: First quarter 110,000 2.2 81,200 -3.0 Second quarter 109,500 -0.4 85,700 5.5 Third quarter 108,600 -0.9 83,900 -2.1 Fourth quarter 107,700 -0.8 84,600 0.8 1983: First quarter 110,200 2.3 86,700 2.5 Second quarter 110,600 0.4 89,100 1.8 Third quarter 112,300 1.6 92,500 3.8 Fourth quarter 112,200 -0.1 90,800 -1.8 1984: First quarter 113,200 0.9 94,700 4.3 Second quarter 115,700 2.2 99,200 4.8 Third quarter 116,900 1.0 98,500 -0.7 Fourth quarter 118,000 0.9 97,800 -0.7 Table 13. Average Sales Price of Kinds of New One-Family Houses Sold in 1992 Compared With That of Houses Actually Sold (In dollars) - continued Period Average sales price of kinds of houses sold in 1992 Average sales price (estimated from price index) of houses actually sold Price Period-to-period Price Period-to-period percent change\1 percent change 1985: First quarter 117,600 -0.4 98,500 0.7 Second quarter 116,900 -0.6 100,500 2.0 Third quarter 116,300 -0.5 100,500 0.0 Fourth quarter 118,300 1.7 103,800 3.3 1986: First quarter 119,100 0.7 106,300 2.3 Second quarter 122,100 2.5 112,300 5.4 Third quarter 123,900 1.4 114,400 2.1 Fourth quarter 122,700 -0.9 115,600 1.0 1987: First quarter 125,900 2.6 120,800 4.5 Second quarter 128,000 1.6 126,100 4.4 Third quarter 129,900 1.5 129,900 3.0 Fourth quarter 130,300 0.3 133,500 2.8 1988: First quarter 132,100 1.4 137,900 3.3 Second quarter 132,700 0.5 134,800 -2.2 Third quarter 134,100 1.0 141,500 5.0 Fourth quarter 134,000 -0.1 140,400 -0.8 1989: First quarter 136,700 2.0 144,300 2.8 Second quarter 139,100 1.8 146,800 1.7 Third quarter 139,200 0.0 150,200 2.3 Fourth quarter 138,600 -0.4 151,200 0.7 1990: First quarter 141,500 2.1 149,500 -1.1 Second quarter 140,100 -1.0 151,200 1.1 Third quarter 142,200 1.5 145,500 -3.8 Fourth quarter 140,500 -1.1 150,100 3.2 1991: First quarter 140,900 0.2 151,100 0.7 Second quarter 144,000 2.2 148,200 -1.9 Third quarter 145,000 0.7 145,400 -1.9 Fourth quarter 141,700 -2.3 144,400 -0.7 1992: First quarter 143,100 1.0 144,500 0.1 Second quarter 144,200 0.8 145,300 0.6 Third quarter 144,500 0.2 141,700 -2.5 Fourth quarter 145,600 0.8 147,200 3.9 1993: First quarter 146,800 0.8 144,700 -1.7 Second quarter 151,400 3.2 148,900 2.9 Third quarter 152,100 0.5 148,000 -0.6 Fourth quarter 150,800 -0.9 148,300 0.2 1994: First quarter 155,700 3.3 153,600 3.6 Second quarter 158,000 1.5 154,200 0.4 Third quarter 158,300 0.2 152,800 -0.9 Fourth quarter 158,800 0.3 156,100 2.2 1995: First quarter 159,600 0.5 153,500 -1.7 Second quarter 161,300 1.1 158,900 3.5 Third quarter 161,600 0.2 157,700 -0.8 Fourth quarter 162,800 0.7 160,900 2.0 1996: First quarter 165,200 1.5 161,100 0.1 Second quarter 164,000 -0.7 166,000 3.0 Third quarter 165,800 1.1 164,000 -1.2 Fourth quarter 165,100 -0.4 171,000 4.3 1997: First quarter 167,800 1.6 172,200 0.7 Second quarter 170,800 1.8 177,200 2.9 Third quarter 170,300 -0.3 174,700 -1.4 Fourth quarter 171,100 0.5 175,400 0.4 1998: First quarter 173,400 1.3 180,000 2.6 Second quarter 173,400 0.0 178,800 -0.7 Third quarter 175,200 1.1 184,300 3.1 Fourth quarter 176,800 0.9 181,500 -1.5 1999: First quarter 182,300 3.1 189,100 4.2 Second quarter 182,000 -0.2 191,700 1.4 Third quarter 185,200 1.8 192,900 0.6 Fourth quarter 184,600 -0.3 205,300/r 6.4/r 2000: First quarter/p 185,800 0.6 199,600 -2.8 p Preliminary. r Revised. X Not applicable. 1 Derived from unrounded figures. Source: Current Construction Reports, Series C25, New One-Family Houses Sold. C25 Reports are available from the U.S. Government Printing Office. Annual subscription: $28.00. Questions or comments regarding these data may be directed to Dale R. Jacobson, Residential Construction Branch, Manufacturing and Construction Division, U.S. Census Bureau. Telephone: (301) 457-1321