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26 Sep 2017
US: Sales of new single-family houses in Aug were 560,000, 3.4% below July
"Sales of new single-family houses in August 2017 were at a seasonally adjusted annual rate of 560,000," the U.S. Census Bureau and the Department of Housing and Urban Development announced on Tuesday.
Key quotes:
- This is 3.4 percent below the revised July rate of 580,000 and is 1.2 percent below the August 2016 estimate of 567,000.
- The median sales price of new houses sold in August 2017 was $300,200.
- The average sales price was $368,100.
- The seasonally-adjusted estimate of new houses for sale at the end of August was 284,000. This represents a supply of 6.1 months at the current sales rate.