Up 5.6% yr/yr (Il Sole 24 Ore Radiocor) - Washington, 23 Aug - Sales of new US homes in July rose 10.6% to a seasonally adjusted annual rate of 739,000 from June's revised rate of 668,000, the US Commerce Department said.

Expectations were for sales of 624,000 units.

On the year, new home sales were up 5.6%.

The median sales price of new houses sold in July was 429,800 dollars. The average sales price was 514,800 dollars.

The seasonally-adjusted estimate of new houses for sale at the end of July was 462,000. This represents a supply of 7.5 months at the current sales rate.

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(RADIOCOR) 23-08-24 16:14:07 (0348) 5 NNNN