Home supply at just 5.8% months
By Jeff Sorg, OnlineEd Blog, July 28, 2015
WASHINGTON, D.C. – Sales of new single-family houses in June 2015 were at a seasonally adjusted annual rate of 482,000 uints, according to estimates released jointly today by the U.S. Department of Housing and Urban Development (HUD) and the Census Bureau. This is 6.8 percent (±12.5%)* below the revised May rate of 517,000 units and is 18.1 percent (±18.1%) above the June 2014 estimate of 408,000 units.
The median sales price of new houses sold in June 2015 was $281,800; the average sales price was $328,700. The seasonally adjusted estimate of new houses for sale at the end of June was 215,000 units. This represents a supply of 5.4 months at the current sales rate.
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