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New Home Sales in the Midwest Increase At Higher Pace than National Level

New home salesNew home sales in the midwest in August were at a seasonally adjusted annual rate of 61,000 homes, a 19.6 percent increase from July and an increase of 15.1 percent from a year ago, according to data just released by the U.S. Census Bureau and HUD.  On a national level, new home sales in August were at the annual rate of 421,000 homes, a 7.9 percent increase from the month before and a 12.6 percent increase from a year ago.

New homes sold during the month of August 2013 were sold for a median price of $254,600, a slight decrease from the month before when the median new home sales price was $256,300.

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