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Jul 27: New Home Sales Jump
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New Home Sales jumped 11% to a 384,000 annual pace, more than the expected 354,000 sale consensus, from 346,000 in May, originally reported at 342,000. Over the year, new home sales have fallen by 21.3% from 488,000 estimated in June of 2008. The median price of a new home sold in June was $206,200, with the mean price at $276,900. New homes available at the end of June were 281,000 seasonally adjusted, representing an 8.8 month supply at the current sales pace.
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| Market Summary | Feb 10, 2012 02:43 am ET |
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