New home sales rose by 740,000 at a seasonally-adjusted annualized rate (SAAR) in August. The rise barely registers on a chart.

The Census Bureau's New Residential Construction report shows seasonally-adjusted sales rose 1.5% in August. 

New Home Sales 

• Sales of new single‐family houses in August 2021 were at a seasonally adjusted annual rate of 740,000.
• This is 1.5 percent above the revised July rate of 729,000, but is 24.3 percent below the August 2020 estimate of 977,000. 

Sales Price 

• The median sales price of new houses sold in August 2021 was $390,900. 
• The average sales price was $443,200. 

For Sale Inventory and Months’ Supply 

• The seasonally‐adjusted estimate of new houses for sale at the end of August was 378,000. 
• This represents a supply of 6.1 months at the current sales rate. 

By Region SAAR 

• Total: 740,000 
• Northeast: 29,000
• Midwest: 51,000
• South: 445,000
• West: 215,000