New-home sales decline 3.6 percent in September
Sales of newly built, single-family homes declined 3.6 percent in September to a seasonally adjusted annual rate of 402,000 units, according to estimates released jointly by the U.S. Census Bureau and the Dept. of Housing and Urban Development (HUD). Sales in September 2009 also were down 7.8 percent compared with September 2008.
The median sales price of newly built homes was $204,800 in September; the average sales price was $282,600. The seasonally adjusted estimate of new houses for sale at the end of September was 251,000 units, representing a 7.5-months’ supply.
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