US new home sales fall 9.4 percent in July

Wednesday, 23 August 2017 22:58:00 (GMT+3)   |   San Diego
       

Sales of new single-family houses in the US were at a seasonally adjusted annual rate of 571,000 in July 2017, according to estimates released jointly today by the US Census Bureau and the Department of Housing and Urban Development.  This is 9.4 percent (±12.9 percent) below the revised June rate of 630,000 and is 8.9 percent (±15.4 percent) below the July 2016 estimate of 627,000.

The median sales price of new houses sold in July 2017 was $313,700.  The average sales price was $371,200. 

The seasonally-adjusted estimate of new houses for sale at the end of July was 276,000.  This represents a supply of 5.8 months at the current sales rate.


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