HUD and Census Bureau Report New Residential Sales in July 2021

home constructionImage by Paul Brennan

WASHINGTON, D.C. — The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly announced the following new residential sales statistics for July 2021:

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New Home Sales

Sales of new single-family houses in July 2021 were at a seasonally adjusted annual rate of 708,000. This is 1.0 percent (±11.3 percent)* above the revised June rate of 701,000 but is 27.2 percent (±7.3 percent)* below the July 2020 estimate of 972,000.

Sales Price

The median sales price of new houses sold in July 2021 was $390,500. The average sales price was $446,000.

For Sale Inventory and Months’ Supply

The seasonally adjusted estimate of new houses for sale at the end of July was 367,000 This represents a supply of 6.2 months at the current sales rate.

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Read more about new residential sales activity here.

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