Mumbai, Sept. 25 -- Sales of new single-family houses in the United States came in at a seasonally adjusted annual rate of 684,000 in August, the country's Census Bureau and the Department of Housing and Urban Development revealed in a report on Thursday.
Month-over-month, the figure increased 6.4%. On an annual basis, the reading fell 2%.
In the reported month, the median sales price of new houses sold amounted to $393,700, while the average sales price came in at $478,700. The seasonally adjusted estimate of new houses for sale at the end of August stood at 483,000, translating to an 8.5-month supply at the current rate of sales.
Published by HT Digital Content Services with permission from Capital Market....