Sales of new single‐family houses in August 2022 were at a seasonally adjusted annual rate of 685,000, according to estimates released jointly today by the US Census Bureau and the Department of Housing and Urban Development.
This is 28.8 percent (±18.3 percent) above the revised July rate of 532,000, but is 0.1 percent (±16.5 percent) below the August 2021 estimate of 686,000.
The median sales price of new houses sold in August 2022 was $436,800. The average sales price was $521,800.
The seasonally‐adjusted estimate of new houses for sale at the end of August was 461,000. This represents a supply of 8.1 months at the current sales rate.