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Economic Data (USA)

Thursday, July 27, 2006

New Home Sales for June, 2006

The June, 2006 New Home Sales report was released this morning:

New Home Sales for June: 1,131,000

June New Home Sales: Average Price: $290,600

June New Home Sales: Median Price: $231,300

May, 2006 New Home Sales (Revised): 1,166,000

Compiled jointly by the U.S. Commerce Department and the U.S. Department of Housing and Urban Development, the monthly New Home Sales report measures the number of newly-built homes with committed buyers for a given month.

The New Home Sales report is watched by economists and investors because it offers insight into the state of the U.S. housing market, and also provides data that can be used to predict sales of large household furniture and appliances like refrigerators, air conditioners and cooking ranges.

Click here to view the full Commerce Department report (PDF).

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