Keeping you up to date on the latest data releases.
- New Home Sales
Single-family new home sales fell slightly from July to August to an annualized rate of 373,000 units sold. This represents only 0.27 percent decline on a monthly basis, but a sharp 27.7 percent improvement over the past 12 months. The monthly change in new single-family home sales ranged from a 4.9 percent decline in the South, to a 20.0 percent increase in the Northeast. On an annual basis, all regions have experienced strong gains ranging from an 11.5 percent increase in the South to a 64.6 percent increase in the West. The median sales price of new single-family homes rose 11.2 percent to $256,900, while the monthly supply of homes remained unchanged at a 4.5 months’ supply.