In 1923, the Yankees moved to their new home, Yankee Stadium, which took 11 months to build and cost $2.5 million. The team announced that 99,200 fans showed up on Opening Day and 25,000 were turned away. In the first game at Yankee Stadium, Ruth hit a home run. The stadium was nicknamed "The House That Ruth Built", due mainly to the fact that Ruth had doubled Yankees' attendance, which helped the team pay for the new stadium. At the end of the season, the Yankees faced the Giants in the World Series for the third straight year and won their first championship.