US Aug New Home Sales -8.3% To 795,000 ; Consensus 830,000. The median price of a new home decreased by 7.5% to $225,700 in August from $243,900 in August 2006. The average price declined by 8.0% to $292,000 from $317,300 a year earlier. In July this year, the median price was $246,200 and the average was $306,200.
The ratio of new houses for sale to houses sold rose during August, going to 8.2 from 7.6 in July. There were an estimated 529,000 homes for sale at the end of August, down from July's 537,000.
