New Home Sales Increase To Annual Rate Of 504k [CHARTS]

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New Home Sales Increase To Annual Rate Of 504k [CHARTS]

New Home Sales Increase To Annual Rate Of 504k In August first appeared on Floating Path.

New home sales in August were at a seasonally adjusted annual rate of 504k. That is up 18.0% from July’s revised rate of 427k. The national rate of new home sales in August is up 33.0% from a year ago.

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New home sales by region, seasonally adjusted, in August:

  • Northeast: SAAR of 31k from 24k last month.
  • Midwest: SAAR of 58k from 58k last month.
  • South: SAAR of 262k from 243k last month.
  • West: SAAR of 153k from 102k last month.

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The median sales price of new houses sold in August was $275.6k, down from $280.1k in July.

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The seasonally adjusted estimate of new houses for sale at the end of August was 203k. This represents a supply of 4.8 months at the current sales rate.

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