facebook
twitter
rss
account
search
search
X
Breaking News: ISIS allegedly beheads second American journalist
 

New home sales rose in July

Aug. 23, 2012 at 2:06 PM   |   Comments

WASHINGTON, Aug. 23 (UPI) -- Sales of new single-family homes rose 3.6 percent June to July, the U.S. Commerce Department said Thursday.

Sales rose from a revised June rate of 359,000 to a seasonally adjusted annual rate of 372,000 in July.

Sales also rose 25.3 percent above the annual rate of 297,000 from July 2011.

The Commerce Department said the average sale price for a new home sold in July $263,200. The seasonally adjusted estimate how many new homes were on the market at the end of the month was 142,000, which represents a 4.6-month supply at the current rate of sales.

© 2012 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Recommended UPI Stories
Featured UPI Collection
trending
2014: The Year in Music [PHOTOS]

2014: The Year in Music [PHOTOS]

Most Popular
1
U.S. not open for Kurdish oil, Baghdad says
2
Apple in talks to launch iPhone wallet
3
U.S. Navy receives new attack submarine
4
Iran boasts of nuclear energy potential
5
Libya claims oil output growing
Trending News
Video
x
Feedback