USA Average House Price, Construction Cost Index, Home Sales and Total Construction Spending – Monthly Report January to June 2023

USA Average House Price, Construction Cost Index, Home Sales and Total Construction Spending – Monthly Report January to June 2023

Newly Built Mansion in Los Angeles, California on 10979 Chalon Rd, CA 90077 – 12 Bedrooms and 24 Baths with 14 Attached Garages on Gross Floor Area 32,000 sqft – Built in 2018 – Price $65 million

Newly Built Mansion in Los Angeles, California on 10979 Chalon Rd, CA 90077 – 12 Bedrooms and 24 Baths with 14 Attached Garages on Gross Floor Area 32,000 sqft – Built in 2018 – Price $65 million

We bring you cost updates, trends and data for the 1st and 2nd quarter of 2023 in Building, Construction, Housing and Real Estate.

House Price Index USA

The FHFA House Price Index (HPI) is published by the Federal Housing Finance Agency (FHFA) every month. It measures changes in the price of single family homes in the United States. Statistical house price data is obtained from more than 400 cities and 50 states in the USA.

The House Price Index increased steadily from 392.4 in January to 404.09 in July 2023 by a small single-digit percentage every month, which is a 2.98% increase over 6 months.

S&P/Case-Shiller National Home Price Index USA

The independent house price index by S&P/Case-Shiller rose steadily from 294.32 in January to 305.15 in June by single-digit percentages, which is a 3.68% increase over 4 months.

Number of Homes Sold Per Month in the USA

According to the NAR (National Association of Realtors), in the first half of 2023, a total of 4 million homes were sold in January, 4.55 million were sold in February, 4.43 million were sold in March, 4.29 million were sold in April, 4.3 million were sold in May and 4.16 million were sold in June.

According to the government source CensusDotGov, the number of newly built homes in the first half of 2023 was 67,000 in January, 69,000 in February, 70,000 in March, 71,000 in April, 68,000 in May and 72,000 in June.

Monthly Median House Value in the USA

According to the real estate agency Redfin, the median price of a house in the first half of 2023 was $383,000 in January, $387,000 in February, $400,000 in March, $408,000 in April, $418,000 in May and $426,000 in June.

The NAR have their own figures. The NAR Median Sales Price of Existing Homes was $361,200 in January, $363,300 in February, $375,400 in March, $385,900 in April, $396,400 in May and $410,200 in June. The quarterly figures were $371,000 in March and $$402,600 in June.

According to FRED Economic Data, the quarterly Average Sales Price of a House in the USA was $505,300 in March and $495,100 in June.

Construction Cost Index in the USA

The construction cost index measures monthly price fluctuations of building materials and labour.

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