Research >> Economics
New Home Sales in June at annual rate of 350,000
Sales of new single-family houses in June 2012 were at a seasonally adjusted annual rate of 350,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 8.4 percent (±12.4%) below the revised May rate of 382,000, but is 15.1 percent (±16.7%) above the June 2011 estimate of 304,000.
The median sales price of new houses sold in June 2012 was $232,600; the average sales price was $273,900. The seasonally adjusted estimate of new houses for sale at the end of June was 144,000. This represents a supply of 4.9 months at the current sales rate.
Posted: July 25, 2012 Wednesday 10:00 AM