August New Home Sales 713,000 up 7.1% from the Revised Rate of 666,000 in July

Release Number: CB19‐142 September 25, 2019 ‐ The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential sales statistics for August 2019:

New Home Sales
Sales of new single‐family houses in August 2019 were at a seasonally adjusted annual rate of 713,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 7.1 percent above the revised July rate of 666,000 and is 18.0 percent above the August 2018 estimate of 604,000.

Sales Price
The median sales price of new houses sold in August 2019 was $328,400. The average sales price was $404,200.

For Sale Inventory and Months’ Supply
The seasonally‐adjusted estimate of new houses for sale at the end of August was 326,000. This represents a supply of 5.5 months at the current sales rate.