Steel Markets
July 25, 2018
NAHB: New Home Sales Slip in June on Trade War Concerns
Written by Sandy Williams
Sales of new single-family houses slipped 5.3 percent from May to June to a seasonally adjusted annual rate of 631,000, according to the latest report by the U.S. Census Bureau and Department of Housing and Urban Development. The decline was accompanied by a downwardly revised estimate of 666,000 for May. The June SAAR was at the lowest annual pace in eight months.
Supply of new homes now stands at 301,000 houses, a supply of 5.7 months at the current sales pace. The median price of a house sold in June was $302,100 and the average sales price was $363,300.
