U.S. New Home Sales Beat Market Expectations, Sales Up 6% in September

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According to according to new market data released today by the U.S. Census Bureau and the Department of Housing and Urban Development, sales of new single-family houses in September 2010 beat market expectations and were at a seasonally adjusted annual rate of 307,000,

This is 6.6 percent (±16.9%) above the revised August rate of 288,000, but is 21.5 percent (±13.3%) below the September 2009 estimate of 391,000.

The median sales price of new houses sold in September 2010 was $223,800; the average sales price was $257,500. The seasonally adjusted estimate of new houses for sale at the end of September was 204,000. This represents a supply of 8.0 months at the current sales rate.

 

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