New Home Sales Rose 13.8% in June

Washington, DC, July 24, 2020-Sales of new single-family houses in June 2020 were at a seasonally adjusted annual rate of 776,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development, 13.8% above the revised May rate of 682,000 and 6.9% above the June 2019 estimate of 726,000.

The median sales price of new houses sold in June 2020 was $329,200. The average sales price was $384,700.

The seasonally-adjusted estimate of new houses for sale at the end of June was 307,000. This represents a supply of 4.7 months at the current sales rate.