U.S. New Home Sales Increased Month-on-Month in July

U.S. Immigration: According to data recently released by the U.S. Department of Commerce, new home sales in the U.S. for July were seasonally adjusted to an annual rate of 507,000 units, an increase of 5.4% from the previous month. The annual rate for new home sales in June was revised downward to 481,000 units.

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U.S. Immigration: According to data recently released by the U.S. Department of Commerce, new home sales in the U.S. for July were seasonally adjusted to an annual rate of 507,000 units, an increase of 5.4% from the previous month. The annual rate for new home sales in June was revised downward to 481,000 units.

Data indicates that the median price for new home sales in July was $285,900, an increase of 3% month-on-month. At the end of July, the supply of new homes for sale would take 5.2 months to clear at the current sales pace. Compared to June, there was a rebound in new home sales in July, signaling an acceleration in the recovery of the U.S. housing market.
 

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