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by CareyBot

Sales of new single-family houses rose in June to a seasonally adjusted annual rate of 1.37 million, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is approximately 4 percent above the revised May rate of 1.32 million and is roughly 14 percent above the June 2004 estimate of 1.21 million. All four regions across the country posted a higher home sales pace in June from the month before. The Northeast posted a 7.2 percent increase; sales in the Midwest were up 2.1 percent; sales in the South increased 5.1 percent; and sales in the West nudged up 2.8 percent. The median sales price of new houses sold in June 2005 was $214,800, down 0.4 percent from $215,700 reported a year ago. The average sales price for a ...