Keeping you up to date on the latest data releases.
- New Home Sales
New single-family home sales dropped 13.4 percent from June to July, but are up 6.8 percent over the past 12 months to a seasonally-adjusted annualized rate of 394,000 units sold. This is the lowest level of new single-family home sales since October 2012. Regionally, all areas posted sharp monthly declines ranging from a 5.7 percent decline in the Northeast to a 16.1 percent decline in the West. Annually, new home sales varied widely, from a 7.8 percent decline in the West to a 16.4 increase in the South. The median sales price of new single-family homes was $257,200, down 0.5 percent for the month, but remains up 8.3 percent from July 2012. The inventory of new single-family homes rose to 171,000, which represents a 5.2 months’ supply at the current sales pace.