IPFS News Link • Housing
NEW HOME SALES FALL
• http://www.businessinsider.com, Sam RoEconomists were expecting a pace of 429,000 units.
June's report, however, was revised up to 422,000 from an earlier estimate of 406,000.
The median sales price was $269,800, and the average price was $339,100.
According to the Census, there is a 6.0 month supply of homes available for sale, up from 5.6 months in June.