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U.S.Economy: 
August New Home Sales Up 0.7%
Author: 123jump.com Staff
123jump.com
Last Update: 11:00 AM ET September 25 2009


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Seasonally adjusted new home sales increased 0.7% to 429,000 but fell 3.4% from a year ago. The median sale price of new homes sold in the month was $195,200 and average price was $256,800 with 7.3 months of inventory.

 
NEW RESIDENTIAL SALES IN AUGUST 2009

Sales of new one-family houses in August 2009 were at a seasonally adjusted annual rate of 429,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 0.7 percent (±16.2%)* above the revised July rate of 426,000, but is 3.4 percent (±13.3%) below the August 2008 estimate of 444,000.

The median sales price of new houses sold in August 2009 was $195,200; the average sales price was $256,800. The seasonally adjusted estimate of new houses for sale at the end of August was 262,000. This represents a supply of 7.3 months at the current sales rate.

Available at:

http://www.census.gov/const/newressales.pdf
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