Today, in the Calculated Risk Real Estate Newsletter: Catching Up: New Home Sales Increased to 739,000 Annual Rate in July
Brief excerpt:
I’m back from Africa! I’ll be catching up on recent data over the next few days, and I’ll post some photos / videos from my trip.
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Last week the Census Bureau reported New Home Sales in July were at a seasonally adjusted annual rate (SAAR) of 739 thousand. The previous three months were revised up sharply, combined.
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The next graph shows new home sales for 2023 and 2024 by month (Seasonally Adjusted Annual Rate). Sales in July 2024 were up 21.3% from July 2023.
New home sales, seasonally adjusted, have increased year-over-year in 15 of the last 16 months.
There is much more in the article.