New-home sales dropped in July after solid first-half run

Housing sales slumped 8.5% from one year ago, the lowest sales since 2015. Prices still rose another 2.8% to a median of $247,500 nationwide. The real story was the drop in lower priced homes as depicted in this graphic from NAR. With low mortgage rates, it’s believed sales will once again grow. 60,000 more homes were on the market.

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NAHB compiles annual, quarterly and monthly (not seasonally adjusted) data for new and existing homes. This includes regional sales, nationwide sales and inventory, and median prices.. Additional information is also available in the U.S. Census Bureau’s most recent press release and the methodology of its data compilation.

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 · New Home Sales Heat Up in July By Robert Dietz on August 23, 2016 (). July new home sales recorded the strongest monthly pace since October 2007, growing to a 654,000 seasonally adjusted annual rate.

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At first glance, Ford’s July U.S. sales report provides more cause for concern. Ford reported a drop in deliveries and an. Transit vans nearly tripled in July after rising a far more modest 7.5% in.

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New Home Sales Increase 3.6% for July 2012, June Significantly Revised to -3.5% Submitted by Robert Oak on August 23, 2012 – 3:18pm July New Residential Single family home sales increased by 3.6%, or 372,000 annualized sales.

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