US new house sales up 28.8% in August

By Aysu Bicer

ANKARA (AA) - New home sales in the US saw a 28.8% rise from a month earlier to a seasonally adjusted annual rate of 685,000 in August -- the biggest increase since June 2020, according to the US Census Bureau and the Department of Housing and Urban Development.

This figure is above the revised July rate of 532,000 but 0.1% below the August 2021 estimate of 686,000.

"The median sales price of new houses sold in August was $436,800," the report showed.

The average sales price was $521,800.