New-Home Sales Up in June - Fine Homebuilding
previous
  • Deck Design & Construction
    Deck Design & Construction
  • Remodeling in Action
    Remodeling in Action
  • Basement Remodeling Tips
    Basement Remodeling Tips
  • Video Series: Install a Rock-Solid Tile Floor
    Video Series: Install a Rock-Solid Tile Floor
  • 7 Small Bathroom Layouts
    7 Small Bathroom Layouts
  • Tips & Techniques for Painting
    Tips & Techniques for Painting
  • 9 Concrete Countertops Ideas
    9 Concrete Countertops Ideas
  • 7 Trim Carpentry Secrets
    7 Trim Carpentry Secrets
  • 7 Smart Kitchen Solutions
    7 Smart Kitchen Solutions
  • Magazine Departments
    Magazine Departments
  • Gallery: Custom Flooring
    Gallery: Custom Flooring
  • Master Carpenter Videos
    Master Carpenter Videos
  • Energy-Smart Details
    Energy-Smart Details
  • All about Roofing
    All about Roofing
  • 12 Remodeling Secrets
    12 Remodeling Secrets
  • Clever daily tip in your inbox
    Clever daily tip in your inbox
  • Read FHB on Your iPad
    Read FHB on Your iPad
  • Video: Build a curved step
    Video: Build a curved step
  • Video: Install a Fence
    Video: Install a Fence
  • Solid Deck-Framing Advice
    Solid Deck-Framing Advice
next

News

News


New-Home Sales Up in June

comments (2) July 24th, 2013 in Blogs
ScottG Scott Gibson, contributing writer


There was more good news for the U.S. housing industry July 24 as the U.S. Census Bureau and the Department of Housing and Urban Development announced that sales of new single-family homes increased by 8.3% over the revised rate in May.

Overall, sales were at a seasonally adjusted annual rate of 497,000 units, compared with 459,000 in May and 360,000 in June 2012.

The government said the median sales price of a new house in June was $249,700, and the average sales price was $295,000. At the current sales rate, the seasonally adjusted estimate of new houses for sale at the end of June was 161,000, a 3.9-month supply.

The National Association of Home Builders said June's sales increase was the fastest in the past five years and evidence that the "housing recovery is solidly on track."

Regionally, the biggest gains came in the Northeast (18.5%), followed by the West (13.8%) and the South (10.9%). The Midwest showed a decline of 11.8%, NAHB said.

 


posted in: Blogs, business

Comments (2)

LEDhighbays LEDhighbays writes: Thanks, it is a great news for banks and financiers that the sale of houses has increased in the United states which in turn leads to increase in housing loans.
Posted: 12:36 pm on September 24th

LEDhighbays LEDhighbays writes: WOW! Great news shared! I ma sure many home buyers will be excited after reading this news.
Posted: 2:46 am on July 29th

Log in or create a free account to post a comment.