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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