NEW RESIDENTIAL SALES IN AUGUST 2011

NEW RESIDENTIAL SALES IN AUGUST 2011
Sales of new single-family houses in August 2011 were at a seasonally adjusted annual rate of 295,000, according to 
estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development.  
This is 2.3 percent (±13.9%)* below the revised July rate of 302,000, but is 6.1 percent (±18.8%)* above the August 
2010 estimate of 278,000. ,
The median sales price of new houses sold in August 2011 was $209,100; the average sales price was $246,000.  The 
seasonally adjusted estimate of new houses for sale at the end of August was 162,000.  This represents a supply of 6.6 
months at the current sales rate