Sales of new one-family houses in July 2000 were at a seasonally adjusted annual rate of 944,000 according to estimates released today by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. This is 15(+/-9) percent above the revised June rate of 823,000 and 1(+/-10) percent above the July 1999 rate of 936,000.
The median sales price of new houses sold in July 2000 was $166,100; the mean sales price was $196,700. At the end of July, the seasonally adjusted estimate of new houses for sale was 299,000. This represents a supply of 3.8 months at the current sales rate.
Through July of this year, there were 560,000 houses sold compared with 568,000 sold during the same period last year. This is a decrease of 1 (+/-3) percent.
New Home Sales data for August 2000 will be released on October 3, 2000, at
10:00 A.M. EDT.
Source: U.S. Census Bureau
Last revised: August
29, 2000 
