Posted by: Marvin Remmich | September 27, 2012

New home sales rise in August

Sales of new single-family houses rose 27.7 percent in August 2012 compared with August 2011 to a seasonally adjusted annual rate of 373,000, according to estimates released jointly by the U.S. Census Bureau HUD.  Although new home sales rose on a year-over-year basis, in a month-over-month comparison new home sales declined 0.3 percent.

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, representing a supply of 4.5 months at the current sales rate.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s


%d bloggers like this: