Steel Markets
July 25, 2019
New Home Sales Rebound in June
Written by Sandy Williams
Sales of new homes rebounded in June after two months of decline, says new data released by the Commerce Department on Wednesday. Sales of new single-family homes were at a seasonally adjusted annual rate of 646,000 last month, a 7.0 percent increase from the revised May number and 4.5 percent higher than a year ago.
The median sales price was $310,400 and the average price $368,000. Inventory of 338,000 new houses at the end of June represents a supply of 6.3 months at the current sales rate.
