Sales of new single-family houses in June 2015 were at a seasonally adjusted annual rate of 482,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development.
This is 6.8 percent (±12.5 percent) below the revised May rate of 517,000, but is 18.1 percent (±18.1 percent) above the June 2014 estimate of 408,000. The median sales price of new houses sold in June 2015 was $281,800; the average sales price was $328,700. The seasonally adjusted estimate of new houses for sale at the end of June was 215,000. This represents a supply of 5.4 months at the current sales rate.
This follows an earlier report from HUD and the U.S. Census Bureau reporting new residential construction statistics also from June 2015.
Privately owned housing units authorized by building permits in June were at a seasonally adjusted annual rate of 1,343,000. This is 7.4 percent (±1.2 percent) above the revised May rate of 1,250,000, and is 30 percent (±2.3 percent) above the June 2014 estimate of 1,033,000. Single-family authorizations in June were at a rate of 687,000; this is 0.9 percent (±1.1 percent) above the revised May figure of 681,000. Authorizations of units in buildings with five units or more were at a rate of 621,000 in June.
Housing starts
Privately owned housing starts in June were at a seasonally adjusted annual rate of 1,174,000. This is 9.8 percent (±19.9 percent) above the revised May estimate of 1,069,000 and is 26.6 percent (±19.6 percent) above the June 2014 rate of 927,000. Single-family housing starts in June were at a rate of 685,000; this is 0.9 percent (±11.5 percent) below the revised May figure of 691,000. The June rate for units in buildings with five units or more was 476,000.
Housing completions
Privately owned housing completions in June were at a seasonally adjusted annual rate of 972,000. This is 6.7 percent (±13.8 percent) below the revised May estimate of 1,042,000 but is 22.0 percent (±14.8 percent) above the June 2014 rate of 797,000. Single-family housing completions in June were at a rate of 647,000; this is 0.3 percent (±9.3 percent) below the revised May rate of 649,000. The June rate for units in buildings with five units or more was 317,000.
New Residential Construction data for July 2015 will be released Aug. 18, at 8:30 a.m. EDT.