New Home Sales
August 26, 2008 – 11:10 pm by BHSales of new single family homes increased in July to a seasonally adjusted annual rate of 515,000 (Census). This was 2.4 percent above the revised rate of 503,000 in June, and is 35.3 percent below the July 2007 estimate of 796,000.
The median sales price of new houses sold in July 2008 was $230,700 while the average sales price was $294,600. The months supply of new homes is still high at 10.1 months, but this was still an improvement from 10.7 in June.
