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New Home Sales in August at annual rate of 504,000
Sales of new single-family houses in August 2014 were at a seasonally adjusted annual rate of 504,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 18.0 percent (±16.3%) above the revised July rate of 427,000 and is 33.0 percent (±21.7%) above the August 2013 estimate of 379,000.
The median sales price of new houses sold in August 2014 was $275,600; the average sales price was $347,900. The seasonally adjusted estimate of new houses for sale at the end of August was 203,000. This represents a supply of 4.8 months at the current sales rate.
Posted: September 24, 2014 Wednesday 10:00 AM