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New Home Sales in September at annual rate of 402,000
Sales of new one-family houses in September 2009 were at a seasonally adjusted annual rate of 402,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 3.6 percent (±10.2%) below the revised August rate of 417,000 and is 7.8 percent (±12.0%) below the September 2008 estimate of 436,000.
The median sales price of new houses sold in September 2009 was $204,800; the average sales price was $282,600. The seasonally adjusted estimate of new houses for sale at the end of September was 251,000. This represents a supply of 7.5 months at the current sales rate.
Posted: October 28, 2009 Wednesday 10:00 AM