Keeping you up to date on the latest data releases.
- New Home Sales
In June new home sales rose 8.3 percent and are up 38.1 percent annually to a seasonally-adjusted annualized rate of 497,000 units sold. This represents the highest level of new home sales since May 2008. Regionally, monthly sales rates ranged from an 11.8 percent decline in the Midwest to an 18.5 percent increase in the Northeast. On a year-over-year basis, all areas showed strong positive growth with the greatest increase being a 100.0 percent increase in the Northeast. Meanwhile, the monthly supply of homes fell 7.1 percent for the month and 18.8 percent annually to a 3.9 month supply at the current sales pace. The median sales price of new homes in June was $249,700, which is a 5.0 percent decline for the month, but a 7.4 percent increase since this time last year.