Sales of new single‐family houses in August 2019 were at a seasonally adjusted annual rate of 713,000, according to estimates released jointly today by the US Census Bureau and the Department of Housing and Urban Development.
This is 7.1 percent (±20.3 percent) above the revised July rate of 666,000 and is 18.0 percent (±19.9 percent) above the August 2018 estimate of 604,000.
The median sales price of new houses sold in August 2019 was $328,400. The average sales price was $404,200.
The seasonally‐adjusted estimate of new houses for sale at the end of August was 326,000. This represents a supply of 5.5 months at the current sales rate.