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U.S.Economy: 
New Home Sales Decrease 0.6% in June
Author: 123jump.com Staff
123jump.com
Last Update: 10:25 AM ET July 25 2008


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Sales of new one-family houses in June 2008 were at a seasonally adjusted annual rate of 530,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 0.6% below the revised May rate of 533,000 and is 33.2% below the June 2007 estimate of 793,000.

 
The following is the unedited transcript of the news release from the U.S. Department of Commerce.

Sales of new one-family houses in June 2008 were at a seasonally adjusted annual rate of 530,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 0.6 percent (±11.3%)* below the revised May rate of 533,000 and is 33.2 percent (±8.8%) below the June 2007 estimate of 793,000.


The median sales price of new houses sold in June 2008 was $230,900; the average sales price was $298,600. The seasonally adjusted estimate of new houses for sale at the end of June was 426,000. This represents a supply of 10.0 months at the current sales rate.


Available at:

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