New Home Sales in U.S. Remain Flat in August Over July Sales

Residential News » North America Residential News Edition | By David Barley | September 26, 2012 10:49 AM ET

construction-worker-residential.jpg According to the U.S. Census Bureau and the Department of Housing and Urban Development (HUD), sales of new single-family houses in August 2012 were at a seasonally adjusted annual rate of 373,000.
This is 0.3 percent (±9.3%) below the revised July rate of 374,000, but is 27.7 percent (±18.8%) above the August 2011 estimate of 292,000.
The median sales price of new houses sold in August 2012 was $256,900; the average sales price was $295,300.  The seasonally adjusted estimate of new houses for sale at the end of August was 141,000.  This represents a supply of 4.5 months at the current sales rate.

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