New home sales rise in July
Sales of new single-family houses rose 3.6 percent in July to a
seasonally adjusted annual rate of 372,000, according to estimates released
jointly by the U.S. Census Bureau and the Department of Housing and Urban
Development. This is 25.3 percent above the July 2011 estimate of 297,000.The
median sales price of new houses sold in July 2012 was $224,200; the average
sales price was $263,200. The seasonally adjusted estimate of the number of new
houses for sale at the end of July was 142,000. This represents a supply of 4.6
months at the current sales rate.
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