July 26, 2010
 
CENSUS BUREAU/HUD: June New Home Sales Up 23.6% Over May Rate, But Down 16.7% from June 2009 Rate
 
By David M. Kinchen
Huntingtonnews.net Real Estate Writer
 
Sales of new single-family houses in June 2010 were at a seasonally adjusted annual rate of 330,000, 23.6 percent above the revised May rate of 267,000, but 16.7 percent below the June 2009 estimate of 396,000, according to estimates released jointly on Monday, July 26 by the U.S. Census Bureau and the Department of Housing and Urban Development.
 
The median sales price of new houses sold in June 2010 was $213,400; the average sales price was $242,900. The seasonally adjusted estimate of new houses for sale at the end of June was 210,000, an inventory of 7.6 months at the current sales rate.