U.S. New Home Sales Climb 10.6% for Month in July
Average sales price runs $514,800.
The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential sales statistics for July 2024:
New Home Sales
Sales of new single-family houses in July 2024 were at a seasonally adjusted annual rate of 739,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development.
This is 10.6 percent (±16.5 percent)* above the revised June rate of 668,000 and is 5.6 percent (±21.3 percent)* above the July 2023 estimate of 700,000.
Sales Price
The median sales price of new houses sold in July 2024 was $429,800. The average sales price was $514,800.
For Sale Inventory and Months’ Supply
The seasonally-adjusted estimate of new houses for sale at the end of July was 462,000. This represents a supply of 7.5 months at the current sales rate.
CONTRACTOR SUPPLY MAGAZINE
The August/September 2024 of Contractor Supply magazine is here!
This digital edition is sponsored by BECK AMERICA Inc.
Our cover story, Father and Son visits shares the passing of the torch from one-generation to the next at Universal Fasteners & Supply of Boise.
Also in this issue are our industry updates on: Corded Power Tool; Saws and Blades; Generators; Vacuum Systems and and a special preview of the STAFDA 2024 Convention and Trade Show Planner.
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