Research >> Economics
New Home Sales in June at annual rate of 610,000
Sales of new single-family houses in June 2017 were at a seasonally adjusted annual rate of 610,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 0.8 percent (±12.1 percent)* above the revised May rate of 605,000 and is 9.1 percent (±14.4 percent)* above the June 2016 estimate of 559,000.
The median sales price of new houses sold in June 2017 was $310,800. The average sales price was $379,500. The seasonally-adjusted estimate of new houses for sale at the end of June was 272,000. This represents a supply of 5.4 months at the current sales rate.
Posted: July 26, 2017 Wednesday 10:00 AM