New Home Sales at an annual rate of 610,000

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Wednesday, Jul 26 2017

New Home Sales at an annual rate of 610,000

Sales of new single-family houses in June 2017 were at a seasonally adjusted annual rate of 610,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 0.8 percent above the revised May rate of 605,000 and is 9.1 percent above the June 2016 estimate of 559,000.

The median sales price of new houses sold in June 2017 was $310,800. The average sales price was $379,500. The seasonally-adjusted estimate of new houses for sale at the end of June was 272,000. This represents a supply of 5.4 months at the current sales rate.

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