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Tuesday, August 24, 2021

New homes sales up an inline 708K in July, down 27% from a year ago

New Home Sales
Sales of new single‐family houses in July 2021 were at a seasonally adjusted annual rate of 708,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 1.0 percent (±11.3 percent) above the revised June rate of 701,000, but is 27.2 percent (±7.3 percent) below the July 2020 estimate of 972,000.

Sales Price
The median sales price of new houses sold in July 2021 was $390,500. The average sales price was $446,000.

For Sale Inventory and Months’ Supply
The seasonally‐adjusted estimate of new houses for sale at the end of July was 367,000. This represents a supply of 6.2 months at the current sales rate.

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