Sales of new single-family houses in July 2016 were at a seasonally adjusted annual rate of 654,000, according to estimates released jointly today by the US Census Bureau and the Department of Housing and Urban Development. This is 12.4 percent (±12.7 percent) above the revised June rate of 582,000 and is 31.3 percent (±19.9 percent) above the July 2015 estimate of 498,000.
The median sales price of new houses sold in July 2016 was $294,600; the average sales price was $355,800. The seasonally adjusted estimate of new houses for sale at the end of July was 233,000. This represents a supply of 4.3 months at the current sales rate.