New Home Sales Fell 3.4% in August

Washington, DC, September 26, 2017-Sales of new single-family houses in August 2017 were at a seasonally adjusted annual rate of 560,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development, 3.4% below the revised July rate of 580,000 and is 1.2% below the August 2016 estimate of 567,000.

The median sales price of new houses sold in August 2017 was $300,200. The average sales price was $368,100.

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.