Sales of new single-family houses in June 2016 were at a seasonally adjusted annual rate of 592,000, according to estimates released jointly today by the US Census Bureau and the Department of Housing and Urban Development.
This is 3.5 percent (±23.9 percent) above the revised May rate of 572,000 and is 25.4 percent (±27.9 percent) above the June 2015 estimate of 472,000.
The median sales price of new houses sold in June 2016 was $306,700; the average sales price was $358,200. The seasonally adjusted estimate of new houses for sale at the end of June was 244,000. This represents a supply of 4.9 months at the current sales rate.