new home sales

NEW RESIDENTIAL SALES IN SEPTEMBER 2009

Sales of new one-family houses in September 2009 were at a seasonally adjusted annual rate of 402,000, according to

estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development.

This is 3.6 percent (±10.2%)* below the revised August rate of 417,000 and is 7.8 percent (±12.0%)* below the

September 2008 estimate of 436,000.

The median sales price of new houses sold in September 2009 was $204,800; the average sales price was $282,600. The

seasonally adjusted estimate of new houses for sale at the end of September was 251,000. This represents a supply of 7.5

months at the current sales rate.