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Sales of new one-family houses in June 2011 were at a seasonally adjusted annual rate of 312,000.

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mahatmakanejeeves Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-26-11 10:37 AM
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Sales of new one-family houses in June 2011 were at a seasonally adjusted annual rate of 312,000.
Source: Census Bureau, Department of Commerce

NEW RESIDENTIAL SALES IN JUNE 2011

Sales of new single-family houses in June 2011 were at a seasonally adjusted annual rate of 312,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 1.0 percent (12.5%)* below the revised May rate of 315,000, but is 1.6 percent (14.1%)* above the June 2010 estimate of 307,000.

The median sales price of new houses sold in June 2011 was $235,200; the average sales price was $269,000. The seasonally adjusted estimate of new houses for sale at the end of June was 164,000. This represents a supply of 6.3 months at the current sales rate.

Read more: http://www.census.gov/const/newressales.pdf



The link is to a .pdf site, and it is awkward to work with. You might want to try the New Residential Sales page, which has many links.

The chart is not uplifting. I had not known until seeing this that the downturn had started back in 2005.

New One-Family Houses Sold in the U.S.

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jtuck004 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-26-11 10:57 AM
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1. "It's a pretty unlikely possiblity. We've never had a decline in prices on a nationwide basis"

The Bernanke - 2005.

http://www.youtube.com/watch?v=Kowdi1mM-i8

You weren't the only one that didn't see it...
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