Single-Family New Home Sales Climb 7 Percent in June
Average sales price was $368,600.
The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential sales statistics for June 2019:
New Home Sales
Sales of new single-family houses in June 2019 were at a seasonally adjusted annual rate of 646,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 7.0 percent (±15.2 percent)* above the revised May rate of 604,000 and is 4.5 percent (±21.8 percent)* above the June 2018 estimate of 618,000.
Sales Price
The median sales price of new houses sold in June 2019 was $310,400. The average sales price was $368,600.
For Sale Inventory and Months’ Supply
The seasonallyâadjusted estimate of new houses for sale at the end of June was 338,000. This represents a supply of 6.3 months at the current sales rate.
CONTRACTOR SUPPLY MAGAZINE
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