Keeping you up to date on the latest data releases.
- New Home Sales
Sales of new single-family homes fell 2.3 percent in August to a seasonally-adjusted annual rate of 295,000 units. August’s decline follows an upwardly revised 0.33 percent decline in July. On a year-over-year basis, sales of new single-family homes rose for the second consecutive month, improving 6.1 percent. In August, sales of new single-family homes rose in the Midwest and South, increasing 65.6 percent and 9.3 percent, respectively while declining 36.7 percent in the Northeast and 10.6 percent in the West. The median sales price of a new single-family home fell 8.6 percent to $209,100. The number of new single-family homes for sale fell slightly in August, declining 1.2 percent to a seasonally-adjusted rate of 162,000 units, representing 6.6 months of supply at the current sales rate.