New Home Sales Up 28% from Year-Ago Oct 5, 2012

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U.S. sales of new single-family houses in August 2012 were at a seasonally adjusted annual rate of 373,000, according to the U.S. Census Bureau. The rate was down 0.3% from a revised July rate of 374,000, but is up 27.7% from August 2011 estimate of 292,000.

The median sales price of new homes sold in August 2012 was $256,900. The average price was $295,300. The seasonally adjusted estimate of new houses for sale at the end of August was 141,000 - a 4.5-month supply at the current sales rate.

Year-to-date, new home sales in the United States are up 21.7% from the same period in 2011.

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