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Exception Tracking Spreadsheet (TicklerTrax™)
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Residential sales increased in July

HUD and the Census Bureau have jointly announced statistics on new residential sales for July 2020:

  • New Home Sales - Sales of new single-family houses in July 2020 were at a seasonally adjusted annual rate of 901,000. This is 13.9 percent (±20.0 percent)* above the revised June rate of 791,000 and 36.3 percent (±27.4 percent)* above the July 2019 estimate of 661,000.
  • Sales Price - The median sales price of new houses sold in July 2020 was $330,600. The average sales price was $391,300.
  • For Sale Inventory - The seasonally adjusted estimate of new houses for sale at the end of July was 299,000, a supply of 4.0 months at the current sales rate.

* - Because these figures are from sampling surveys and are subject to sampling variability and nonsampling errors including bias and variance from response, nonreporting, and undercoverage, the numbers in parentheses are estimate relative standard errors. A statement such as "13.9 percent (± 20.0 percent)" indicates the range (-6.1 to +33.9 percent) in which the actual percentage change is likely to have occurred.

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