New Home Sales Rose 7.1% in August, Up 18% YOY
Washington, DC, September 26, 2019-Sales of new single‐family houses in August 2019 were at a seasonally adjusted annual rate of 713,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development, 7.1% above the revised July rate of 666,000 and is 18.0% above the August 2018 estimate of 604,000.
The median sales price of new houses sold in August 2019 was $328,400. The average sales price was $404,200.
The seasonally‐adjusted estimate of new houses for sale at the end of August was 326,000. This represents a supply of 5.5 months at the current sales rate.