Money News: New Home Sales Continue Upward Trend
- Details
- Category: Business/Financial News
- Published on Thursday, 01 October 2015 09:12
- Written by Janet Walker
The U.S. Census Bureau and the Department of Housing and Urban Development announced sales of new single family houses in August 2015 were recorded at a seasonally adjusted annualized rate of 552,000 units. This represents an increase of 5.75% from the July 2015 annualized rate of 522,000 and an increase of 18.45% from the June 2015 rate of 466,000.
In August 2015, new single family homes sold for a median price of $292,700 at an increase of 0.55% from the previous month. Sale prices for newly constructed homes were as high as $302,700 in November 2014.
Data Curated by findthehome.com and sourced from U.S. Census Bureau & U.S. Dept. of Housing and Urban Development.
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