The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the new residential sales statistics for June 2017.
Sales of new single-family houses in June 2017 were at a seasonally adjusted annual rate of 610,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 0.8 percent (±12.1 percent) above the revised May rate of 605,000 and is 9.1 percent (±14.4 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. The July report is scheduled for release on August 23, 2017. The full text and tables for this release can be found at http://www.census.gov/construction/nrs/.
Have something to say? Share your thoughts with us in the comments below.