Keeping you up to date on the latest data releases.
- New Home Sales
Sales of new single-family homes fell 0.7 percent in July to a seasonally-adjusted annual rate of 298,000. July’s decline follows a downwardly revised 2.9 percent decline in June. On a year-over-year basis, sales of new single-family homes increased 6.8 percent in July. In July, sales of new single-family homes surged in the Northeast, increasing 100 percent while sales rose 2.4 percent in the Midwest, and fell 7.4 and 5.9 percent in the South and West, respectively. The median sales price of new single-family home fell 6.3 percent to $222,000. The number of new single-family homes for sale continued to slide in July, falling 1.2 percent to a seasonally-adjusted 165,000 units, representing 6.6 months of supply at the current sales rate.