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Daily News

U.S. New Home Sales up 11% in June
Aug 5, 2009
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U.S. single family homes sales were up 11.0% in June 2009. Sales of new single-family houses were at a seasonally adjusted annual rate of 384,000 in June 2009 according to government statistics, compared to the revised May rate of 346,000, but is still 21.3% below the June 2008 estimate of 488,000.

The median sales price of new houses sold in June 2009 was $206,200; the average sales price was $276,900. The seasonally adjusted estimate of new houses for sale at the end of June was 281,000. This represents a supply of 8.8 months at the current sales rate.

Home Sales
2008
2009
(1000s, seasonally adjusted)
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Jan
Feb
Mar
(rev)
Apr
(rev)
May
(rev)
Jun
(prelim)
May - Jun % change
Houses Sold
488
500
444
436
409
390
374
329
354
332
338
346
384
11.0%
Houses For Sale
436
419
412
395
380
370
350
340
328
313
301
293
281
-4.1%
Months of Supply
10.7
10.1
11.1
10.9
11.1
11.4
11.2
11.1
11.3
11.3
10.7
10.2
8.8
-13.7%

(rev) - revised
(pelim) - preliminary

Source: U.S. Census Bureau and the Department of Housing and Urban Development

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