August New Home Sales Above July Rate

Sales of new single-family houses in August 2013 were at a seasonally adjusted annual rate of 421,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 7.9 percent (±14.6 percent) above the revised July rate of 390,000 and is 12.6 percent (±15.3 percent) above the August 2012 estimate of 374,000.

The median sales price of new houses sold in August 2013 was $254,600; the average sales price was $318,900. The seasonally adjusted estimate of new houses for sale at the end of August was 175,000. This represents a supply of 5 months at the current sales rate.

Loading