US: New home sales increase to 629K in August from 608K in July
|"Sales of new single-family houses in August 2018 were at a seasonally adjusted annual rate of 629,000," the U.S. Census Bureau and the Department of Housing and Urban Development jointly announced on Wednesday.
Key takeaways from the press release
- This is 3.5 percent above the revised July rate of 608,000 and is 12.7 percent (above the August 2017 estimate of 558,000.
- The median sales price of new houses sold in August 2018 was $320,200.
- The average sales price was $388,400.
- The seasonally-adjusted estimate of new houses for sale at the end of August was 318,000.
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