New Home Sales Rose 1% in July

Washington, DC, August 24, 2021-Sales of new single‐family houses in July 2021 were at a seasonally adjusted annual rate of 708,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development, 1.0% above the revised June rate of 701,000 but 27.2% below the July 2020 estimate of 972,000.

The median sales price of new houses sold in July 2021 was $390,500. The average sales price was $446,000.

The seasonally‐adjusted estimate of new houses for sale at the end of July was 367,000. This represents a supply of 6.2 months at the current sales rate.