New Home Sales Rose 2.4% YOY in June

Washington, DC, July 25, 2018-Sales of new single-family houses in June 2018 were at a seasonally adjusted annual rate of 631,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development.

This is 5.3% below the revised May rate of 666,000 but is 2.4% above the June 2017 estimate of 616,000.

The median sales price of new houses sold in June 2018 was $302,100. The average sales price was $363,300.

The seasonally-adjusted estimate of new houses for sale at the end of June was 301,000. This represents a supply of 5.7 months at the current sales rate.