US: New home sales increase to 629K in August from 608K in July

"Sales of new single-family houses in August 2018 were at a seasonally adjusted annual rate of 629,000," the U.S. Census Bureau and the Department of Housing and Urban Development jointly announced on Wednesday.

Key takeaways from the press release

• This is 3.5 percent above the revised July rate of 608,000 and is 12.7 percent (above the August 2017 estimate of 558,000. 
• The median sales price of new houses sold in August 2018 was $320,200.
• The average sales price was $388,400.
• The seasonally-adjusted estimate of new houses for sale at the end of August was 318,000.