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New Home Sales in May at annual rate of 631,000
New Home Sales
Sales of new single-family houses in June 2018 were at a seasonally adjusted annual rate of 631,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 5.3 percent (±17.1 percent)* below the revised May rate of 666,000, but is 2.4 percent (±24.0 percent)* above the June 2017 estimate of 616,000.
The median sales price of new houses sold in June 2018 was $302,100. The average sales price was $363,300.
For Sale Inventory and Months’ Supply
The seasonally-adjusted estimate of new houses for sale at the end of June was 301,000. This represents a supply of 5.7 months at the current sales rate.
Posted: July 25, 2018 Wednesday 10:00 AM