New-Home Sales Up in June - Fine Homebuilding
previous
  • The Passive House Build
    The Passive House Build
  • Play the Inspector Game!
    Play the Inspector Game!
  • Basement Remodeling Tips
    Basement Remodeling Tips
  • All about Roofing
    All about Roofing
  • 12 Remodeling Secrets
    12 Remodeling Secrets
  • The Hobbit House and More
    The Hobbit House and More
  • 7 Small Bathroom Layouts
    7 Small Bathroom Layouts
  • Read FHB on Your iPad
    Read FHB on Your iPad
  • 7 Trim Carpentry Secrets
    7 Trim Carpentry Secrets
  • Remodeling in Action
    Remodeling in Action
  • Energy-Smart Details
    Energy-Smart Details
  • Clever daily tip in your inbox
    Clever daily tip in your inbox
  • Tips & Techniques for Painting
    Tips & Techniques for Painting
  • Buyer's Guide to Insulation
    Buyer's Guide to Insulation
  • How to Install Housewrap Solo
    How to Install Housewrap Solo
  • 9 Concrete Countertops Ideas
    9 Concrete Countertops Ideas
  • Master Carpenter Videos
    Master Carpenter Videos
  • Electrical Articles & Videos
    Electrical Articles & Videos
  • Video: Build a curved step
    Video: Build a curved step
  • Deck Design & Construction
    Deck Design & Construction
  • Shorten a Prehung Door
    Shorten a Prehung Door
  • 7 Smart Kitchen Solutions
    7 Smart Kitchen Solutions
  • Magazine Departments
    Magazine Departments
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.

 

Become a Fine Homebuilding Member

to view this article and over a thousand more

Learn More

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.