New Single Family Home Sales vs New Residential Construction

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News Story Source:, by Mike Mish Shedlock
Comparing New Home Sales and New Residential Construction

I totaled the above numbers in various ways and they did not quite match up. The Census Bureau explains.

We are often asked why the numbers of new single-family housing units started and completed each month are larger than the number of new homes sold. This is because all new single-family houses are measured as part of the New Residential Construction series (starts and completions), but only those that are built for sale are included in the New Residential Sales series. 

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