The WPJ
Residential Real Estate News
New Home Sales in U.S. Remain Flat in August Over July Sales
According to the U.S. Census Bureau and the Department of Housing and Urban Development (HUD), sales of new single-family houses in August 2012 were at a seasonally adjusted annual rate of 373,000.This is 0.3 percent (±9.3%) below the revised July rate of 374,000, but is 27.7 percent (±18.8%) above the August 2011 estimate of 292,000.
The median sales price of new houses sold in August 2012 was $256,900; the average sales price was $295,300. The seasonally adjusted estimate of new houses for sale at the end of August was 141,000. This represents a supply of 4.5 months at the current sales rate.
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