- Sales of new single-family homes posted a small gain in July, increasing 1.0 percent to 708,000 at a seasonally-adjusted annual rate from a 701,000 pace in June.
- Despite the gain, sales are down 27.2 percent from the year-ago level and are 28.7 percent below the 993,000 pace in January.
- Sales of new single-family homes were down in two of the four regions of the country in July. Sales in the South, the largest by volume, rose 1.3 percent while sales in the West gained 14.45 percent.
For further details see:
New Single-Family Home Sales Rise But Signs Of Moderation Are Emerging