Keeping you up to date on the latest data releases.
- New Home Sales
In August, the sale of new single-family homes rose 7.9 percent for the month and 12.6 percent on an annual basis to seasonally-adjusted annualized rate of 421,000 homes sold. The monthly improvement to home sales was strongest in the Midwest, up 19.6 percent, while the South improved the most on an annual basis, up 28.2 percent. The West was the only area to post declines both monthly and annually, down 14.6 percent and 21.2 percent, respectively. The median sales price of new single-family homes fell slightly for the month, down 0.6 percent, and is up 0.55 percent since last August to $254,600. The inventory of new homes available for sale was at a 5-month supply at the current sales place, with a 3.8 decline for the month and 8.7 percent increase since this time last year.