Sales of new single-family homes rose 3.4% in August from the revised July sales level, which was the only sales dip in the past four months.The U.S. Census Bureau reported that new-home sales climbed from a seasonally adjusted annual rate of 1.11 million units in July to 1.15 million in August. The rate was up 12.2% from 1.025 million units in August 2002, and new-home sales so far this year are running 11.6% ahead of last year's pace, according to the bureau. The median sales price of new homes sold in August stood at $184,500, and the average sales price was $237,500. The Census Bureau's construction statistics can be found online at http://www.census.gov/const/www/index.html.
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