US sales of new single-family homes fall 13.4% in July from revised June rate, rise 6.8% year-over-year to seasonally adjusted annual rate of 394,000; median sales price of new houses sold was US$257,200: Dept. of Commerce
Cindy Allen
WASHINGTON
,
August 23, 2013
(press release)
–
Sales of new single-family houses in July 2013 were at a seasonally adjusted annual rate of 394,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 13.4 percent (±14.5%)* below the revised June rate of 455,000, but is 6.8 percent (±18.6%)* above the July 2012 estimate of 369,000.
The median sales price of new houses sold in July 2013 was $257,200; the average sales price was $322,700. The seasonally adjusted estimate of new houses for sale at the end of July was 171,000. This represents a supply of 5.2 months at the current sales rate.
* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.