Sales of new single-family houses in August were at a seasonally adjusted annual rate of 609,000, 7.6 percent down from July’s rate of 659,000 but up 20.6 percent from 505,000 year-over-year, according to the U.S. Census Bureau.
“Given the huge jump in sales in July, the August reading remains robust,” said Ed Brady, chairman of the National Association of Home Builders, in a statement.
New-home sales dropped 34.3 percent in the Northeast, 12.3 percent in the South and 2.4 percent in the Midwest in August. Sales increased 8 percent in the West.
The median sales price of new houses sold in August was $284,000, down 3.7 percent from the price of $294,600 in July. The average price of a new home sold in August was $353,600, down 0.6 percent from $355,800 month-over-month.
