Sales of New Single-Family Homes Increase

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Sales of new single-family houses in August 2015 were at a seasonally adjusted annual rate of 552,000, according to estimates released jointly today by the U.S. Department of Housing and Urban Development (HUD) and the Census Bureau. This is 5.7 percent (±16.2 percent) above the revised July rate of 522,000 and is 21.6 percent (±18.7 percent) above the August 2014 estimate of 454,000.

The median sales price of new houses sold in August 2015 was $292,700; the average sales price was $353,400. The seasonally adjusted estimate of new houses for sale at the end of August was 216,000. This represents a supply of 4.7 months at the current sales rate.

Estimates of houses sold and for sale by stage of construction are now available on a seasonally adjusted basis as well as not seasonally adjusted basis. Historic seasonally adjusted data will be available back to January 1999 here.

New residential sales data for September 2015 will be released on Monday, October 26, 2015, at 10:00 A.M. EST

For more information, visit www.census.gov.

Reprinted with permission from RISMedia. ©2015. All rights reserved.

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