New Home Sales Rose 1.5% in August

Washington, DC, September 24, 2021-Sales of new single‐family houses in August 2021 were at a seasonally adjusted annual rate of 740,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development, 1.5% above the revised July rate of 729,000 but 24.3% below the August 2020 estimate of 977,000.

The median sales price of new houses sold in August 2021 was $390,900. The average sales price was $443,200.

The seasonally‐adjusted estimate of new houses for sale at the end of August was 378,000. This represents a supply of 6.1 months at the current sales rate.