(Jeff Sorg, OnlineEd) – The U.S. Census Bureau and Department of Housing and Urban Development jointly released their report that the sale of new single-family houses were at a seasonally adjusted annual rate of 412,000 for July 2014. This is 2.4 percent below the June 2014, but remains 12.3 percent above the July 2013 amount of just 367,000.
Given the seasonally adjusted estimate of new houses for sale at the end of July was 205,000, this represents a 6.09 month supply at the current rate of sales. The median price of new houses sold in July 2014 was $269,800; the average sales price was $339,100.
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This article was published on August 26, 2014. All information contained in this posting is deemed correct and current as of this date, but is not guaranteed by the author and may have been obtained by third-party sources. Due to the fluid nature of the subject matter, regulations, requirements and laws, prices and all other information may or may not be correct in the future and should be verified if cited, shared or otherwise republished.