New-home sales in June were 15.1 percent above where they were last June, according to the newest data released by the Census Bureau and Department of Housing and Urban Development (HUD) today. At the same time, the seasonally adjusted annual rate of 350,000 marked an 8.4 percent drop from May 2012.
Divided geographically, the West (36.1 percent), Midwest (19.6 percent), and South (6.5 percent) all saw new-home sales increase during the month. The Northeast registered no change.
The median sales price of new houses sold in June 2012 was $232,600; the average sales price was $273,900. The seasonally adjusted estimate of new houses for sale at the end of June was 144,000. This represents a supply of 4.9 months at the current sales rate.
To see the rest of the monthly data, click here.
Advertisement
Related Stories
New-Home Sales
Mortgage Rates Are Up but New-Home Sales Still Solid in March
Lack of existing home inventory drove a rise in new-home sales, despite higher interest rates in March
Labor + Trade Relations
Who's Earning What in Construction
Workers in construction management roles may earn a higher median wage, but on average, lower-paid occupations have experienced somewhat faster wage growth
Build to Rent
Build-to-Rent Is Booming, Particularly in These Metros
A recent report finds that the Phoenix metro leads with more than 4,000 build-to-rent units completed in 2023, and Texas is the leading state for build-to-rent development