9/24/2020, 4:04 PM (Source: TeleTrader)
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US new home sales surge 4.8% MoM in August

Sales of new single-family houses in the United States surged 4.8% on a monthly basis to land at a seasonally adjusted annual rate of 1,011,000 in August, the US Census Bureau and the Department of Housing and Urban Development jointly reported on Thursday. Compared to August 2019, new home sales in the US jumped by 43.2%.

The median sales price of new houses sold in August was $312,800, while the average sales price amounted to $369,000 in the same month. The seasonally-adjusted estimate of new houses for sale at the end of August stood at 282,000.

Breaking the News / AM