August New Home Sales Unchanged from July Oct 22, 2010

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Sales of new single-family houses in the U.S. in August 2010 were at a seasonally adjusted annual rate of 288,000. The numbers, released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development, are unchanged from the revised July rate of 288,000 and are 28.9% below the August 2009 estimate of 405,000.

The median sales price of new houses sold in August 2010 was $204,700; the average sales price was $248,800. The seasonally adjusted estimate of new houses for sale at the end of August was 206,000. This represents a supply of 8.6 months at the current sales rate.

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