New Home Sales Rebound from Revised Record Low

by devteam July 27th, 2010 | Share

The Census Bureau and the Department of Housing and Urban Development have released New Residential Sales data for June 2010.

Excerpts from the Release…</p

Sales of new single-family houses in June 2010 were at a seasonally adjusted annual rate of 330,000.  This is 23.6 percent above the revised May rate of 267,000, but is 16.7 percent below the June 2009 estimate of 396,000.</p


The median sales price of new houses sold in June 2010 was $213,400….</p


The average sales price of new houses sold in June was $242,900…. </p


The seasonally adjusted estimate of new houses for sale at the end of June was 210,000. This represents a supply of 7.6 months at the current sales rate.</p


Plain and Simple: New Home Sales in June rebounded from historic lows in May. Attention should be given to the fact that May survey data was revised from 300,000 new home sales to 267,000 new home sales. That is a huge downward revision and makes the rebound seen in June look that much bigger.  Nonetheless, New Home Sales didn't decline further….

All Content Copyright © 2003 – 2009 Brown House Media, Inc. All Rights Reserved.nReproduction in any form without permission of is prohibited.

About the Author


Steven A Feinberg (@CPAsteve) of Appletree Business Services LLC, is a PASBA member accountant located in Londonderry, New Hampshire.

See all blogs


Leave a Comment

Leave a Reply

Latest Articles

Real Estate Investors Skip Paying Loans While Raising Billions

By John Gittelsohn August 24, 2020, 4:00 AM PDT Some of the largest real estate investors are walking away from Read More...

Late-Stage Delinquencies are Surging

Aug 21 2020, 11:59AM Like the report from Black Knight earlier today, the second quarter National Delinquency Survey from the Read More...

Published by the Federal Reserve Bank of San Francisco

It was recently published by the Federal Reserve Bank of San Francisco, which is about as official as you can Read More...