Sales of new one-family houses in June 2006 were at a seasonally adjusted annual rate of 1,131,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 3.0 percent (±12.0%)* below the revised May rate of 1,166,000 and is 11.1 percent (±9.8%) below the June 2005 estimate of 1,272,000.In June, sales declined in every section of the country except the West, which posted an 8.2 percent increase after a decline of 7.3 percent in May. Sales fell 11.3 percent in the Northeast and were down 7.9 percent in the Midwest and 6 percent in the South."
The median sales price of new houses sold in June 2006 was $231,300; the average sales price was $290,600. The seasonally adjusted estimate of new houses for sale at the end of June was 566,000. This represents a supply of 6.1 months at the current
sales rate.
June New Home Sales: 1.131 Million Annual Rate (Calculated Risk)
New Home Sales Fall, Record High Inventory (The Housing Bubble Blog)
The median price of a new home was $231,300 in June, which was up by just 2.3 percent from a year ago and was down by 1.5 percent from May. The number of new homes for sale in the US in June 2006 was 566,00 which represents a 24% increase from June 2005 when the new homes for sale stood at 455,000.
Posts
