The WPJ
Residential Real Estate News
New Home Sales in U.S. Dip 1% in June
According to the U.S. Census Bureau and the Department of Housing and Urban Development (HUD), sales of new single-family houses in June 2011 were at a seasonally adjusted annual rate of 312,000.
This is 1.0 percent (±12.5%) below the revised May rate of 315,000, but is 1.6 percent (±14.1%) above the June 2010 estimate of 307,000.
The median sales price of new houses sold in June 2011 was $235,200; the average sales price was $269,000. The seasonally adjusted estimate of new houses for sale at the end of June was 164,000. This represents a supply of 6.3 months at the current sales rate.
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