New Single-Family Home Sales Up 1.5% in August

The U.S. Government is reporting that sales of new single-family houses in August, 2021 were at a seasonally adjusted annual rate of 740k, which is 1.5% higher than July’s revised rate and is 24.3% lower than one year ago. The median sales price of new houses sold in August was $ 390,900 with an average sales price of $ 443,200. There were an estimated 378k new houses for sale at the end of August representing a 6.1-month supply at the current sales rate.