On their ‘Eye on Housing’ website, National Association of Home Builders (NAHB) Economics issued an article containing data for median new single-family home prices by state and by metro area. Using data from the US Census Bureau’s Building Permits Survey and Survey of Construction, NAHB Economics calculated “average permit values for all metro areas and states” to reflect the geographical distribution of median new single-family homes prices.
The most expensive median new home prices ($350,000 and above) were found in the Northeastern states, California, and Hawaii. The least expensive median new home prices (under $225,000) were predominantly in the South. While the Northwestern states did not rank as the most expensive, NAHB Economics’ state map showed new median home prices in Idaho and Montana ranged from $250,000 to $300,000. Median new home prices in Washington and Wyoming ranged from $300,000 to $350,000. To read the full article and view the NAHB Economics’ state map and metro map, visit http://bit.ly/UcSdQE.