Sales of New Homes Up 25.4% Year over Year in June

Washington, DC, July 26, 2016—Sales of new single-family houses in June 2016 were at a seasonally adjusted annual rate of 592,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development.

This is 3.5% above the revised May rate of 572,000 and is 25.4% above the June 2015 estimate of 472,000.

The median sales price of new houses sold in June 2016 was $306,700; the average sales price was $358,200. The seasonally adjusted estimate of new houses for sale at the end of June was 244,000. This represents a supply of 4.9 months at the current sales rate.