Talking Points
- New home sales have reached an eight-year high, showing that the low mortgage rates combined with a solid job market are improving the economy, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development.
- Sales of new single-family houses in June 2016 came in at a seasonally adjusted annual rate of 592,000, a 3.5 percent increase from the revised May rate of 572,000 and a 25.4 percent increase from June 2015 estimate of 472,000.
- The median sales price of new homes sold in June was $306,700, while the average sales price was $358,200.