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New Home Sales in June at annual rate of 406,000
Sales of new single-family houses in June 2014 were at a seasonally adjusted annual rate of 406,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 8.1 percent (±12.3%) below the revised May rate of 442,000 and is 11.5 percent (±14.4%) below the June 2013 estimate of 459,000.
The median sales price of new houses sold in June 2014 was $273,500; the average sales price was $331,400. The seasonally adjusted estimate of new houses for sale at the end of June was 197,000. This represents a supply of 5.8 months at the current sales rate.
Posted: July 24, 2014 Thursday 10:00 AM