New-Home Sales Up in June - Fine Homebuilding

previous
  • 9 Concrete Countertops Ideas
    9 Concrete Countertops Ideas
  • Video: Install a Fence
    Video: Install a Fence
  • 7 Trim Carpentry Secrets
    7 Trim Carpentry Secrets
  • Master Carpenter Videos
    Master Carpenter Videos
  • 7 Smart Kitchen Solutions
    7 Smart Kitchen Solutions
  • Remodeling Articles
    Remodeling Articles
  • Video Series: Tile a Bathroom
    Video Series: Tile a Bathroom
  • Energy-Smart Details
    Energy-Smart Details
  • Magazine Departments
    Magazine Departments
  • Read FHB on Your iPad
    Read FHB on Your iPad
  • Custom Flooring Inspiration
    Custom Flooring Inspiration
  • Radiant Heat Comparison
    Radiant Heat Comparison
  • All about Roofing
    All about Roofing
  • Basement Remodeling Tips
    Basement Remodeling Tips
  • Design Inspiration
    Design Inspiration
  • 7 Small Bathroom Layouts
    7 Small Bathroom Layouts
  • Clever daily tip in your inbox
    Clever daily tip in your inbox
  • Tips & Techniques for Painting
    Tips & Techniques for Painting
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.