Sales of new single‐family houses in July 2019 were at a seasonally adjusted annual rate of 635,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development.
The rate was 12.8% below the revised June rate of 728,000, but was 4.3% above the July 2018 estimate of 609,000.
The median sales price of new houses sold in July 2019 was $312,800, up from $306,000 in June but down from $327,500 a year earliere. The average sales price was $388,000, up from $354,500 in June but down slightly from $392,300 in July, 2018.
The seasonally‐adjusted estimate of new houses for sale at the end of July was 337,000. This represents a supply of 6.4 months at the current sales rate.
