WASHINGTON, DC – The sale of new single-family houses in July jumped 3.6 percent over the revised June numbers and 25.3 percent over a year earlier.
The U.S. Census Bureau and the U.S. Department of Housing and Urban Development reported the numbers this morning. The agencies reported that a seasonally adjusted annual rate of 372,000 houses were sold in July, above the revised June rate of 359,000 and well above the estimated 297,000 sold in July 2011.
The median sales price of new houses sold in July 2012 was $224,200 with the average sales price was $263,200. The seasonally adjusted estimate of new houses for sale at the end of July was 142,000. This represents a supply of 4.6 months at the current sales rate.
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