Research >> Economics
New Home Sales in August at annual rate of 560,000
Sales of new single-family houses in August 2017 were at a seasonally adjusted annual rate of 560,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 3.4 percent (±13.0 percent)* below the revised July rate of 580,000 and is 1.2 percent (±18.5 percent)* below the August 2016 estimate of 567,000.
Sales Price
The median sales price of new houses sold in August 2017 was $300,200. The average sales price was $368,100.
For Sale Inventory and Months’ Supply
The seasonally-adjusted estimate of new houses for sale at the end of August was 284,000. This represents a supply of 6.1 months at the current sales rate.
Posted: September 26, 2017 Tuesday 10:00 AM