New Home Sales Increase To SAAR Of 421k In August

Sales of new single-family houses in August 2013 were at a seasonally adjusted annual rate of 421k, the U.S. Census Bureau reports. This is a 7.9% increase from July’s revised reading of SAAR 390k.

New home sales, seasonally adjusted, increased in 3 out of 4 U.S. regions in August:

  • Northeast: SAAR of 37k from 34k last month.
  • Midwest: SAAR of 61k from 51k last month.
  • South: SAAR of 241k from 209k last month.
  • West: SAAR of 82k from 96k last month.

US New Home Sales August 2013 600x375 New Home Sales Increase To SAAR Of 421k In August

The rate of new home sales is now up 12.6% from a year ago.

US New Home Sales Change August 2013 600x375 New Home Sales Increase To SAAR Of 421k In August

The median sales price of new houses sold in August was $254,600, down from $256,300 in July. Median sales prices have not been this low since January.

The average sales price was $318,900, up from $318,500 in July.

US New Home Sales Prices August 2013 600x375 New Home Sales Increase To SAAR Of 421k In August

The seasonally adjusted estimate of new houses for sale at the end of August was 175k. This represents a supply of 5.0 months at the current sales rate.

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