New home sales rise 7.1 percent in August
Average sales price is $404,200.
The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential sales statistics for August 2019:
New Home Sales
Sales of new single‐family houses in August 2019 were at a seasonally adjusted annual rate of 713,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 7.1 percent (±20.3 percent)* above the revised July rate of 666,000 and is 18.0 percent (±19.9 percent)*
above the August 2018 estimate of 604,000.
Sales Price
The median sales price of new houses sold in August 2019 was $328,400. The average sales price was $404,200.
For Sale Inventory and Months’ Supply
The seasonally‐adjusted estimate of new houses for sale at the end of August was 326,000. This represents a supply of 5.5 months at the current sales rate.
CONTRACTOR SUPPLY MAGAZINE
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